Traders should now look for long-biased trades in SMI as long as it's trending above $2.95, and then once it sustains a move or close above those breakout levels with volume that hits near or above 187,096 shares. If that breakout triggers soon, then SMI will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.50. InphiInphi ( IPHI) is the provider of high-speed analog semiconductor solutions for the communications and computing markets. Its analog semiconductor solutions provide high signal integrity at leading-edge data speeds. This stock is trading up 8% to $8.78 in recent trading. Today's Range: $8.70-$8.92 52-Week Range: $7.42-$16.05 Volume: 281,000 Three-Month Average Volume: 246,656 From a technical perspective, IPHI is soaring higher here right above some near-term support at $7.96 with above-average volume. This move is quickly pushing shares of IPHI within range of triggering a near-term breakout trade. That trade will hit if IPHI manages to take out some near-term overhead resistance levels at $8.64 to $8.76 and then once it clears its 50-day moving average of $8.83 with high volume. At last check, IPHI has hit an intraday high of $8.94 and volume has just surpassed its three-month average action of 246,656 shares. Traders should now look for long-biased trades in IPHI as long as it's trending above today's low of $8.13, and then once it sustains a move or close above those breakout levels with volume that hits near or above 246,656 shares. If that breakout triggers soon, then IPHI will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $9.55 to $9.94. Any high-volume move above $9.94 will then put $10 to $10.50 into range for shares of IPHI. Key EnergyKey Energy ( KEG) provides a range of well services to oil companies, including rig-based well maintenance, workover, well completion and recompletion services, fluid management services, pressure pumping services, fishing and rental services. This stock is trading up 5.3% to $8.41 in recent trading.