H&E Equipment Services

H&E Equipment Services ( HEES) is an integrated equipment services company in the U.S., focused on heavy construction and industrial equipment. This stock closed up 4.4% at $15.74 on Wednesday.

Wednesday Volume: 662,000

Average Volume: 241,994

Volume % Change: 143%

From a technical perspective, HEES bounced higher Wednesday back above its 50-day moving average of $15.15 with above-average volume. This stock has been trending sideways for the last two months, with shares moving between $13.54 on the downside and $16.21 on the upside. This bounce Wednesday is quickly pushing HEES within range of triggering a major breakout trade. That trade will hit if HEES manages to take out some near-term overhead resistance levels at $15.65 to $16.21 with high volume.

Traders should now look for long-biased trades in HEES as long as it's trending above some key near-term support at $14.76, and then once it sustains a move or close above those breakout levels with volume that hits near or above 241,994 shares. If that breakout triggers soon, then HEES could possibly hit $18 to $20 in the near future.

Atlas Energy LP

Atlas Energy LP ( ATLS) provides natural gas gathering services in the Anadarko, Arkoma and Permian Basins and the Golden Trend in the southwestern and mid-continent U.S. and the Appalachian Basin in the eastern U.S. This stock closed up 0.66% at $34.97 on Wednesday.

Wednesday Volume: 567,000

Average Volume: 212,542

Volume % Change: 182%

From a technical perspective, ATLS gapped higher Wednesday right above its 50-day moving average of $33.73 with above-average volume. This stock has been uptrending solidly for the last few weeks, with shares soaring from a low of $31.97 to its recent high of $35.76. During that move, shares of ATLS have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed ATLS within range of triggering a major breakout trade. That trade will hit if ATLS manages to take out some past overhead resistance levels at $36.28 to $36.46 with high volume.

Traders should now look for long-biased trades in ATLS as long as it's trending above its 200-day at $33.47, and then once it sustains a move or close above those breakout levels with volume that hits near or above 212,542 shares. If that breakout triggers soon, then ATLS will set up to re-test or possibly take out its next major overhead resistance level at $38.48. Any move above $38.48 would then put its 52-week high of $39.35 into range for shares of ALTS.

If you liked this article you might like

United Rentals Stock Jumps as $1.3 Billion Neff Acquisition Becomes Official

These 7 Stocks Are Spiking on Big Volume

High Yield Bond Valuations Remain Attractive, Says Portfolio Manager

3 Hold-Rated Dividend Stocks: AI, HEES, TLP

3 Hold-Rated Dividend Stocks: OXBR, HEES, TAXI