True Religion Apparel ( TRLG) designs, markets, sells and distributes premium fashion apparel, centered on its core denim products using the brand name True Religion Brand Jeans. This stock is trading up 5.9% at $29.54 in recent trading. Today's Volume: 1.2 million Average Volume: 556,992 Volume % Change: 291% >>7 Hot Stocks on Traders' Radars Shares of TRLG are moving notably higher today after the company said first quarter net income jumped 16% as it opened new stores and sales at its established stores improved. The company also announced a dividend and authorized a $30 million share repurchase program. From a technical perspective, TRLG is ripping higher here and is now trading right beneath its 200-day moving average of $30.69 on monster volume. This move has pushed the stock well into its mid-February gap-down from over $36 to around $29. Traders should now look for long-biased trades if TRLG can manage to sustain a move or close back above its 200-day with high-volume. Look for volume on that move that's near or well above 556,992 shares. If we get that action, then I expect TRLG to continue to fill that gap and possibly get back to $36. Keep in mind that it's important for TRLG to maintain a trend above its 200-day with strong upside volume flows, to raise the probability of filling the rest of the gap.