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>>5 Big Stocks to Trade for Big Gains
From a technical perspective, EVOL spiked higher here with heavy upside volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $5.25 to its recent high of $11.34. During that uptrend, shares of EVOL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of EVOL within range of triggering a near-term breakout trade. That trade will hit if EVOL manages to take out its 52-week high at $11.34 with high volume.
Traders should now look for long-biased trades in EVOL as long as it's trending above some near-term support levels at $10.50 or at $10, and then once it sustains a move or close above its 52-week high at $11.34 with volume that hits near or above 59,439 shares. If that breakout hits soon, then EVOL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $15 to $17.
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