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. Follow @stockpickr
LoopNet (Nasdaq:LOOP) hit a new 52-week high Wednesday as it is currently trading at $19.07, above its previous 52-week high of $18.95 with 425,420 shares traded as of 9:35 a.m. ET. Average volume has been 300,300 shares over the past 30 days.