Traders should now look for long-biased trades in SINA as long as it's trending above its 200-day at $54.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.53 million shares. If that breakout hits soon, then SINA will set up to re-test or possibly take out its next major overhead resistance levels at $60 to $62.50. Any high-volume move above $62.50 will then put $63.36 to $65 into range for shares of SINA. SplunkSplunk ( SPLK) provides an innovative software platform that enables organizations to gain real-time operational intelligence by harnessing the value of their data. Its software collects and indexes data at massive scale, regardless of format or source. This stock is trading up 6.8% at $31.80 in recent trading. Today's Volume: 2.31 million Average Volume: 1.36 million Volume % Change: 205% Shares of SPLK are spiking significantly higher today after rumors made the rounds that IBM might be interested in acquiring the company. From a technical perspective, SPLK is soaring higher here right above its 50-day moving average of $28.46 with heavy upside volume. This move has started to push shares of SPLK into breakout territory, since the stock has cleared some near-term overhead resistance at $30.92. This move is quickly pushing SPLK within range of triggering another near-term breakout trade. That trade will hit if SPLK takes out some more near-term overhead resistance levels at $32 to $33 with high volume. Traders should now look for long-biased trades in SPLK as long as it's trending above $30.92, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.36 million shares. If that breakout triggers soon, then SPLK will set up to re-test or possibly take out its next major overhead resistance levels at $35 to $36. Silicon Motion TechnologySilicon Motion Technology ( SIMO) is a fabless semiconductor company that designs, develops and markets, high-performance, low-power semiconductor solutions for the multimedia consumer electronics market. This stock is trading up 5.6% at $15.42 in recent trading.