Matrix Service ( MTRX) provides construction and repair and maintenance services primarily to the energy and energy related industries. This stock is trading up 5% at $11.03 in recent trading. Today's Volume: 90,000 Average Volume: 91,283 Volume % Change: 101% >>5 Technical Trades Under $10 From a technical perspective, MTRX is gapping higher here and flirting with its 50-day moving average of $11.09 with decent volume. At last check, MTRX has hit an intraday high of $11.20 and volume is close to taking out its three-month average volume of 91,283 shares. This move is quickly pushing MTRX within range of triggering a major breakout trade. That trade will hit once MTRX takes out its 200-day at $11.43, and some more overhead resistance levels at $12 to $12.10 with high volume. Traders should now look for long-biased trades in MTRX as long as its trending above its 50-day, and then once it sustains a move or close above $11.43 to $12.10 with volume that's near or above 91,283 shares. If that breakout triggers soon, then MTRX will have a great chance of re-testing or possibly taking out its next major overhead resistance level at $14.05.
Shares of Homeowners Choice (Nasdaq:HCII) have taken a tremendous swing upward. The stock is trading at $13.50 as of 12:49 p.m. ET, 21.1% above Thursday's closing price of $11.15. Volume is at 106,349, 7.8 times the daily average of 13,700.