Titan Machinery

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Titan Machinery ( TITN) is a retail dealer of Case IH Agriculture equipment and a retail dealer of New Holland Agriculture, Case Construction and New Holland Construction equipment in the U.S. This stock is trading up 6% at $28.97 in recent trading.

Today's Volume: 330,000

Average Volume: 186,025

Volume % Change: 289%

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Shares of TITN are ripping higher today after an analyst at Robert W. Baird upgraded the stock from neutral to outperform, and raised its price target to $37 from $29.

From a technical perspective, TITN is gapping higher today on above-average volume. This move has pushed the stock into breakout territory now that shares are moving above some near-term overhead resistance at $28.76 to $29.68.

Traders should continue to look for long-biased trades in TITN as long as it continues to trend above those breakout levels. If we continue to see that action, then look for TITN to hit its next significant overhead resistance levels at $30.97 to $32.03 in the very near future.

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