hhgregg ( HGG)

This is a specialty retailer of consumer electronics, home appliances and related services operating under the name hhgregg. This stock is trading up 6.3% to $7.99 in recent trading.

Today's Range: $7.51-$8.05

52-Week Range: $5.84-$14.87

Volume: 162,000

Three-Month Average Volume: 348,110

From a technical perspective, HGG is bouncing to the upside here right off its 50-day moving average of $7.52 with lighter volume. This move has started to push HGG into breakout territory, since the stock has taken out some near-term overhead resistance levels at $7.56 to $7.74. Shares of HGG are now moving within range of triggering another major breakout trade. That trade will hit once HGG clears some more overhead resistance levels at $8.53 to $8.84 and then when it takes out its 200-day at $8.89 with high volume.

Traders should now look for long-biased trades in HGG as long as it's trending above its 50-day at $7.52, and then once it sustains a move or close above those breakout levels with volume that hits near or above 348,110 shares. If that breakout triggers soon, then HGG will set up to re-fill some of its previous gap down zone from July that started at $12.

Builders FirstSource ( BLDR)

This company is a supplier and manufacturer of structural and related building products for residential new construction. This stock is trading up 6.6% to $5.44 in recent trading.

Today's Range: $5.12-$5.46

52-Week Range: $1.81-$6.05

Volume: 455,000

Three-Month Average Volume: 389,384

Shares of BLDR are soaring today after the company said it increased its liquidity by $93 million to support sales growth.

From a technical perspective, BLDR is bouncing strongly here right off its 50-day moving average of $5.10 with high volume. This move is quickly pushing BLDR within range of triggering a near-term breakout trade. That trade will hit once BLDR manages to take out some near-term overhead resistance levels at $5.36 to $5.42 with high volume. At last check, shares of BLDR have hit an intraday high of $5.46 with volume that's well above its three-month average action of 389,384 shares.

If you liked this article you might like

Biotech Premarket Movers: ChemoCentryx, Jazz, Ionis, Zogenix

These 5 Stocks Under $10 Could Light Up Soon

17 Thoughts on Biotech Stocks to Kick Off 2017

Depomed Reports Dip in Earnings, Reduces Revenue Guidance

Humana, Pharma Stocks Sink as Healthcare is Worst Performing Sector Wednesday