YY ( YY) is a social communication platform that engages users in real-time online group activities through voice, text and video. This stock closed up 9.6% at $54.55 in Monday's trading session.
Monday's Volume: 3.20 million
Three-Month Average Volume: 1.67 million
Volume % Change: 215%
Three-Month Average Volume: 211,792
Volume % Change: 215% >>5 Stocks Under $10 Set to Soar From a technical perspective, SFG bounced modestly higher here right above some near-term support at $58 with above-average volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its lows of $43.01 to its recent high of $61.50. During that uptrend, shares of SFG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SFG within range of triggering a near-term breakout trade. That trade will hit if SFG manages to take out Monday's high of $60.45 to its 52-week high at $61.50 with high volume. Traders should now look for long-biased trades in SFG as long as it's trending above $59 or $58, and then once it sustains a move or close above those breakout levels with volume that's near or above 211,792 shares. If that breakout hits soon, then SFG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $65 to $70.
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