GMX ResourcesGMX Resources ( GMXR) is an oil and gas company engaged in the acquisition, exploration, production and development of properties for the production of natural gas and crude oil in Texas, Louisiana and New Mexico. This stock is trading up 10% to $2.16 in recent trading. Today's Range: $2.00-$2.24 52-Week Range: $1.80-$26.00 Volume: 329,000 Three-Month Average Volume: 112,860 >>5 Stocks Ready to Break Out From a technical perspective, GMXR is bouncing sharply higher here right above some near-term support at $1.80 with above-average volume. This stock has been downtrending badly for the last month, with shares plunging from its high of $7.50 to its recent low of $1.80. During that move, shares of GMXR have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of GMXR have now entered extremely oversold territory, since its current relative strength index reading is 18.33. Oversold can always get more oversold, but it's also a level where a stock can experience a huge bounce higher from. Traders should now look for long-biased trades in GMXR as long as it's trending above today's low of $1.96 or that $1.80 low, and then once it sustains a move or close above some near-term overhead resistance at $2.50 with volume that hits near or above 112,860 shares. If that breakout triggers soon, then GMXR will set up to re-test or possibly take out its next major overhead resistance levels at $3.05 to $3.50. Any high-volume move above $3.50 will then put $4.50 to $5 into range for shares of GMXR. InphiInphi ( IPHI), a provider of high-speed analog semiconductor solutions for the communications and computing markets, is trading up 5.7% to $9.72 in recent trading. Today's Range: $9.29-$10.07 52-Week Range: $7.45-$15.00 Volume: 642,000 Three-Month Average Volume: 247,224 From a technical perspective, IPHI is ripping higher here right off its 50-day moving average at $9.13 and back above its 200-day moving average at $9.43 with heavy upside 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 at $10.19 with high volume.