Canadian National RailwayCanadian National Railway ( CNI) is engaged in the rail and related transportation business. Canadian National Railway manages its rail operations in Canada and the U.S. This stock is trading up 1.2% at $89.20 in recent trading. Today's Volume: 660,000 Average Volume: 532,780 Volume % Change: 107% From a technical perspective, CNI is bouncing modestly to the upside here right off some near-term support at $88 with above-average volume. This move is quickly pushing CNI within range of triggering a near-term breakout trade. That trade will hit once CNI manages to clear its 50-day moving average of $89.84 with high volume. Traders should now look for long-biased trades in CNI as long as it's trending above $88, and then once it sustains a move or close above $89.84 with volume that's near or above 532,780 shares. If that breakout triggers soon, then CNI will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $92 to $94.83. On the flip side, I would avoid CNI or look for short-biased trades if it fails to trigger that move, and then drops back below some key near-term support at $88.02 with high volume.