Endurance Specialty ( ENH) This company provides property and casualty insurance and reinsurance on a worldwide basis. This stock is trading up 3.4% at $40.87 in recent trading. Today's Volume: 582,000 Average Volume: 295,982 Volume % Change: 211% Shares of ENH are trending higher today after a Wells Fargo analyst said the acquisition of Alterra, which is based in Bermuda, should boost the share prices of other Bermuda based companies that are trading significantly below their book values. Allied World, AXIS Capital, Endurance Specialty, Montpelier Re, Platinum Underwriters, and Validus are examples of such companies, the analyst said. From a technical perspective, ENH is ripping higher here back above its 50-day moving average of $40.08 with above-average volume. This move is quickly pushing ENH within range of triggering a major breakout trade. That trade will hit once ENH takes out some near-term overhead resistance at $42 to $42.82 with high volume. Traders should now look for long-biased trades in ENH as long as it's trending above its 50-day at $40.08, and then once it sustains a move or close above those breakout levels with volume that hits near or above 295,982 shares. If that breakout hits soon, then ENH will set up to re-test or possibly take out its next major overhead resistance levels at $46 to $48. NetEase ( NTES) This is a China-based Internet technology company, which is engaged in the development of applications, services and other technologies for the Internet in China. This stock is trading up 6.2% at $41.96 in recent trading. Today's Volume: 1.57 million Average Volume: 970,056 Volume % Change: 170% From a technical perspective, NTES is ripping higher here right above some near-term support levels at $38 to $37 with above-average volume. This stock has been downtrending badly for the last two months, with shares dropping from a high of $56.89 to its recent low of $37. During that move, shares of NTES have been mostly making lower highs and lower lows, which is bearish technical price action. That said, NTES has now started to bounce off that $37 low and move within range of triggering a near-term breakout trade. That trade will hit once NTES manages to take out some near-term overhead resistance at $44 with high volume.