Francesca's ( FRAN) operates a national chain of retail boutiques designed and merchandised. This stock is trading up 5% at $29.14 in recent trading. Today's Volume: 2.9 million Average Volume: 524,803 Volume % Change: 1352% >>7 Hot Stocks on Traders' Radars Shares of FRAN are ripping higher today after the company announced the pricing of a follow-on offering and wavier of lock-up restrictions; prices 9 million shares at $27.60. From a technical perspective, FRAN is bouncing solidly right near its 50-day moving average of $27.02 today with heavy volume. This move is quickly pushing FRAN within range of triggering a near-term breakout trade. That trade will hit once FRAN takes out some near-term overhead resistance at $30.50 with volume. Traders should now look for long-biased trades once FRAN sustains a move or close over $30.50 with volume that's near or above 524,803 shares. If we get that action soon, look for FRAN to make a run at its recent highs of $32.92 to $33.93. 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.