GlaxoSmithKline ( GSK) is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products including vaccines, over-the-counter medicines and health-related consumer products. This stock is trading up 1.5% at $44.64 in recent trading.

Today's Volume: 3.25 million

Average Volume: 2.47 million

Volume % Change: 129%

From a technical perspective, GSK is gapping higher here back above its 200-day moving average of $44.43 with above-average volume. This move is quickly pushing GSK within range of triggering a near-term breakout trade. That trade will hit if GSK manages to take out some near-term overhead resistance levels at $44.54 to $45.02 with high volume. At last check, GSK has hit an intraday high of $44.85 and volume is well above its three-month average action of 2.47 million shares.

Traders should now look for long-biased trades in GSK as long as it's trending above its 200-day at $44.43, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.47 million shares. If that breakout triggers soon, then GSK will set up to re-test or possibly take out its next major overhead resistance level at $46 to $47.05.

Krispy Kreme Doughnuts

Krispy Kreme Doughnuts ( KKD) is a branded retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The company's shops are operated under the trademark doughnuts such as Krispy Kreme and Original Glazed. This stock is trading up 4.8% at $12.67 in recent trading.

Today's Volume: 1.78 million

Average Volume: 1.15 million

Volume % Change: 173%

From a technical perspective, KKD is gapping higher here and into breakout territory above some near-term overhead resistance at $11.98 with high volume. This stock has been uptrending strong for the last month, with shares spiking higher from its low of $9.05 to its intraday high of $12.80. During that move, shares of KKD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed KKD into overbought territory, since its current relative strength index reading is 79.45. Overbought can always get more overbought, so traders should continue to look for more upside in KKD.

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