Traders should now look for long-biased trades in JASO as long as it's trending above Monday's low of $10.15 or above its 50-day at $9.50 and then once it sustains a move or close above those breakout levels with volume that's near or above 2.71 million shares. If that breakout hits soon, then JASO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $13 to $17.
To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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