AmbarellaAmbarella ( AMBA) is a developer of semiconductor processing solutions for video that enable high-definition video capture, sharing and display. This stock closed up 9.5% at $14.13 on Monday. Monday's Volume: 886,000 Average Volume: 208,054 Volume % Change: 313% From a technical perspective, AMBA spiked higher here right above some near-term support at $12.61, and broke out above some near-term overhead resistance levels at $13.35 to $14 with above-average volume. This move is quickly pushing shares of AMBA within range of triggering another major breakout trade. That trade will hit if AMBA manages to take out some near-term overhead resistance levels at $14.63 to $14.73 with high volume. Traders should now look for long-biased trades in AMBA as long as it's trending above $14 or $13.35, and then once it sustains a move or close above those breakout levels with volume that hits near or above 208,054 shares. If that breakout triggers soon, then AMBA will set up to enter new all-time-high territory above $14.73, which is bullish technical price action. Some possible upside targets off that breakout are $17 to $20. TeamTeam ( TISI) is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. This stock closed up 1.3% at $40.28 on Monday. Monday's Volume: 201,000 Average Volume: 172,389 Volume % Change: 56% From a technical perspective, TISI spiked higher here right above some near-term support at $39 with above-average volume. This stock recently gapped down big from over $46 to $37 with heavy downside volume. Following that move, shares of TISI have started to rebound, and it's now approaching a near-term breakout trade. That trade will hit if TISI manages to take out its gap-down-day high of $41.20 with high volume. Traders should now look for long-biased trades in TISI as long as it's trending above Monday's low of $39.73 or above $39 and then once it sustains a move or close above $41.20 with volume that hits near or above 172,389 shares. If that breakout hits soon, then TISI will set up to re-fill some of its previous gap-down zone from earlier this month that started near $46. One potential target if TISI gets into that gap with volume is its 50-day moving average of $43.60.
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