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 4.3% to $19.93 on Wednesday.

Wednesday's Volume: 635,000

Average Volume: 215,865

Volume % Change: 173%

Shares of HEES ripped higher on Wednesday after the company said its fourth quarter net income spiked 36%, helped by a steep jump in equipment rental revenue. Revenue also jumped 15% to $250.1 million from $217 million.

From a technical perspective, HEES surged higher right above its 50-day moving average of $18.48 with above-average volume. This move is quickly pushing shares of HEES within range of triggering a near-term breakout trade. That trade will hit if HEES manages to take out some near-term overhead resistance levels at $20.80 to $21.18 with high volume.

Traders should now look for long-biased trades in HEES as long as it's trending above its 50-day at $18.48 and then once it sustains a move or close above those breakout levels with volume that hits near or above 215,865 shares. If that breakout hits soon, then HEES will set up to enter new 52-week-high territory above $21.18, which is bullish technical price action. Some possible upside targets off that breakout are $25 to $30.

TripAdvisor

Online travel company TripAdvisor ( TRIP) closed up 1.9% at $48.63 on Wednesday.

Wednesday's Volume: 4.82 million

Average Volume: 2.20 million

Volume % Change: 165%

Shares of TRIP moved modestly higher on Wednesday after a survey showed travel spending and accommodation profitability is expected to rise in 2013, especially in the U.S.

From a technical perspective, TRIP spiked higher here and briefly entered new 52-week-high territory with heavy upside volume. This stock has been uptrending strong for the last month, with shares soaring higher from its low of $42.20 to its intraday high of $50.88. During that move, shares of TRIP have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in TRIP as long as it's trending above Wednesday's low of $47.90 and then once it sustains a move or close above some key breakout levels at $49.35 to its 52-week high of $50.88 with volume that hits near or above 2.20 million shares. If that breakout triggers soon, then TRIP will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $55 to $60 in the near future.

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