Foster Wheeler

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Foster Wheeler ( FWLT) designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities. This stock is trading up 4.7% at $24.92 in recent trading.

Today's Volume: 2.97 million

Average Volume: 1.8 million

Volume % Change: 192%

Shares of FWLT are ripping higher today after the company posted higher fourth quarter profits that lagged Wall Street estimates hurt by weakness at its global engineering and construction group.

From a technical perspective, FWLT is starting to trigger a big breakout trade today now that this stock is moving above some near-term overhead resistance at $24.18 with monster volume.

Traders should now watch for FWLT to take out its next significant overhead resistance level at $25.54 with volume. If we can get a strong close above both of those breakout levels, then FWLT has a great chance to trade up to $30 in the near future.

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