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4 Stocks About to Break Out on Big Volume

Stocks in this article: EOGCXPSFLYAPAM

Traders should now look for long-biased trades in SFLY as long as it's trending above its 50-day at $47.38 and then once it sustains a move or close above those breakout levels with volume that's near or above 954,225 shares. If that breakout gets underway soon, then SFLY will set up to re-test or possibly take out its next major overhead resistance levels at $55 to $58, or even its 52-week high at $59.93.

Artisan Partners Asset Management (APAM) provides investment management services in the U.S. and internationally. This stock closed up 3.9% to $63.40 in Monday's trading session.

Monday's Volume: 390,000
Three-Month Average Volume: 184,584
Volume % Change: 108%

From a technical perspective, APAM trended notably higher here right off its 50-day moving average of $62.49 with above-average volume. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $55.42 to its intraday high of $63.91. During that uptrend, shares of APAM have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of APAM within range of triggering a near-term breakout trade. That trade will hit if APAM manages to take out Monday's high of $63.91 to some more near-term overhead resistance at $64.71 with high volume.

Traders should now look for long-biased trades in APAM as long as it's trending above Monday's low of $62.34 or above some more near-term support at $60.81 and then once it sustains a move or close above those breakout levels with volume that's near or above 184,584 shares. If that breakout materializes soon, then APAM will set up to re-test or possibly take out its next major overhead resistance levels at $68 to $69.26. Any high-volume move above those levels will then give APAM a chance to tag its 52-week high at $71.86.

EOG Resources (EOG), together with its subsidiaries, engages in the exploration, development, production and marketing of crude oil and natural gas. This stock closed up 1.3% to $180.40 in Monday's trading session.

Monday's Volume: 3.52 million
Three-Month Average Volume: 1.87 million
Volume % Change: 93%

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