Traders should now look for long-biased trades in LNG as long as it's trending above $16.90, and then once it sustains a move or close above some breakout levels at $18.28 to $18.92 with volume that hits near or above 3.98 million shares. If that breakout triggers soon, then LNG will set up to enter new 52-week high territory once it clears $18.92, which would be bullish technical price action. Some possible upside targets off that breakout are $20 to $23.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

RELATED LINKS:

And if you haven't already done so, join Stockpickr today to create your own dividend portfolio.


Follow Stockpickr on Twitter and become a fan on Facebook.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

If you liked this article you might like

United States to Withdraw From the Paris Climate Agreement, Sending Coal Stocks Higher

Markets Close at Record High Following Trump's Paris Climate Accord Announcement

Trump Climate Accord Stance May Be Negotiating Tactic for Coal

Consol Directors Double Down On Open Market Share Buys