ChipMOS Technologies

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ChipMOS Technologies ( IMOS) is an independent provider of testing and assembly services for LCD and other flat-panel display driver semiconductors in Taiwan, and for advanced memory and logic/mixed-signal products in Taiwan and Mainland China. This stock is trading up 5% at $14.20 in recent trading.

Today's Volume: 395,000

Average Volume: 177,622

Volume % Change: 268%

>>4 Tech Stocks to Trade (or Not)

From a technical perspective, IMOS is ripping to the upside here with monster volume. This move is quickly pushing IMOS within range of triggering a major breakout trade. That trade will hit once IMOS clears some past overhead resistance levels at $14.71 to $15.76 with high volume.

Traders should now look for long-biased trades once IMOS sustains a move or close above those levels with volume that's near or above 177,622 shares. If that breakout hits soon, then look for IMOS to re-test and possibly take out its next major overhead resistance level at $18.76.

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