On Assignment

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On Assignment ( ASGN) is a diversified professional staffing firm providing flexible and permanent staffing solutions in specialty skills, including laboratory/scientific, healthcare/nursing/physician, medical financial, information technology (IT) and engineering. This stock is trading up 9.4% at $18.92 in recent trading.

Today's Volume: 425,000

Average Volume: 302,765

Volume % Change: 130%

Shares of ASGN are moving sharply higher today after the company reported record quarterly revenues up 29% year-over-year and 3% sequentially.

>>5 Stocks Setting Up to Break Out

From a technical perspective, ASGN is skyrocketing here on above average volume. This move is quickly pushing ASGN within range of trigging a major breakout trade. That trade will hit once ASGN takes out some near-term overhead resistance at $18.93 with high-volume. At last check, ASGN has hit an intraday high of $19.25.

Traders should now look for long-biased trades if ASGN can sustain a move or close above $18.93 with volume that's near or above 302,765 shares. As long as ASGN is trending above $18.93 with strong upside volume flows, then this stock can potentially trade up towards $20 to $24.50 in the near future.

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