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LoopNet ( LOOP) owns and operates an online marketplace for commercial real estate. This stock is trading up 2.8% at $19.09 in recent trading.

Today's Volume: 2.4 million

Average Volume: 302,716

Volume % Change: 1,524%

>>5 Stocks to Trade for Breakout Gains

From a technical perspective, LOOP is gapping up today on monster volume, and it's breaking out above some past overhead resistance at $18.95.

Traders should now use today's high and low prices to determine the next manor trend for LOOP. As long as LOOP is trending above $18.95 with strong upside volume flows, then traders should look for long-biased trades.

Look for short-biased traders if LOOP trades back below $19 with heavy volume.

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