Monday's Volume: 1.81 million
Three-Month Average Volume: 618,520
Volume % Change: 162%
From a technical perspective, BLMN spiked sharply higher here and broke out into new all-time high territory with above-average volume. That breakout hit once BLMN took out some key overhead resistance levels at $26.21 to $26.71. Market players should now look for a continuation move higher in the short-term if BLMN can manage to make a new all-time with strong volume.
Traders should now look for long-biased trades in BLMN as long as it's trending above Monday's low of $25.85 or above more near-term support at $24.79 and then once it sustains a move or close above Monday's high of $26.95 with volume that hits near or above 618,520 shares. If we get that move soon, then BLMN will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $30 to $33.
DaVita HealthCare PartnersDaVita HealthCare Partners ( DVA) operates kidney dialysis centers and provides related lab services mainly in dialysis centers and in contracted hospitals across the U.S. This stock closed up 8.8% at $61.55 in Monday's trading session. Monday's Volume: 9.41 million
Three-Month Average Volume: 1.62 million
Volume % Change: 428% From a technical perspective, DVA ripped sharply higher here right off its 200-day moving average of $59.24 with heavy upside volume. This move also pushed shares of DVA into breakout territory, since the stock took out some key overhead resistance levels at $60.38 to $61.01. Market players should now look for a continuation move higher in the short-term if DVA can manage to clear Monday's high of $62.14 with strong volume. Traders should now look for long-biased trades in DVA as long as it's trending above $60 and then once it sustains a move or close above Monday's intraday high of $62.14 with volume that's near or above 1.62 million shares. If we get that move soon, then DVA will set up to re-test or possibly take out its 52-week high at $65.67. Autobytel Autobytel ( ABTL) is an automotive marketing services company that helps automotive retail dealers and automotive manufacturers market and sell new and used vehicles through its internet lead referral and online advertising programs. This stock closed up 7.4% at $11.75 in Monday's trading session.