Diamond Foods ( DMND), a packaged food company, specializes in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. This stock is trading up 5% at $20.78 in recent trading. Today's Volume: 379,000 Average Volume: 343,522 Volume % Change: 101% >>5 Oversold Stocks Ready to Bounce From a technical perspective, DMND is gapping up sharply here with above-average volume. This move is quickly pushing DMND within range of triggering a major breakout trade. That trade will hit once DMND takes out some overhead resistance levels at $20.87 to $21.12 with high volume. Traders should now look for long-biased traders in DMND as long as is trending above $19.72 and then once it sustains a move or close over $20.87 to $21.12 with volume that's near or above 343,522 shares. If that breakout triggers soon, then DMND will have a great chance of re-testing or possibly taking out its 200-day moving average of $23.48. On the flip side, I would avoid DMND or look for short-biased trades if it fails to trigger that breakout, and then drops below some major near-term support at $18.51 with heavy volume.
Susser Petroleum (SUSP) stock is soaring Monday after Energy Transfer Partners (ETP) agreed to acquire Susser Holdings Corporation (SUSS). ETP will own general partner (GP) interest and incentive distribution rights (IDRs) in its unit Susser Petroleum.