This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

5 Unusual-Volume Stocks Triggering Breakout Trades

Stocks in this article: MCEPDGHTHTCHUHMIN

Home Inns & Hotels Management

Home Inns & Hotels Management (HMIN) develops, leases, operates, franchises and manages economy hotels in China. This stock closed up 3.7% to $42.24 in Mondays trading session.

Mondays Volume: 639,000
Three-Month Average Volume: 295,502
Volume % Change: 120%

From a technical perspective, HMIN spiked notably higher here right above some near-term support at $40 with above-average volume. This stock has uptrending strong for the last five months, with shares moving higher from its low of $24.90 to its recent high of $43.29. During that uptrend, shares of HMIN have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of HMIN within range of triggering a major breakout trade. That trade will hit if HMIN manages to take out Monday's high of $43 to its 52-week high at $43.29 with high volume.

Traders should now look for long-biased trades in HMIN as long as its trending above some near-term support at $40 or above its 50-day at $38.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 295,502 shares. If that breakout hits soon, then HMIN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $47 to $50.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,812.76 -2.18 -0.01%
S&P 500 2,070.80 +3.77 0.18%
NASDAQ 4,780.9470 +22.6950 0.48%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs