Today's Volume: 21.26 million Average Volume: 17.63 million Volume % Change: 155% Shares of JCP are ripping higher today after news hit that George Soros's Soros Fund Management took a 7.9% stake in the troubled retailer. >>5 Stocks Fund Managers Love for 2013 From a technical perspective, JCP is gapping higher here and trending back above its 50-day moving average at $16.33 with heavy upside volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $13.55 to its intraday high of $16.75. During that move, shares of JCP have been consistently making higher lows and higher highs, which is bullish technical price action. That move is now quickly pushing shares of JCP within range of triggering a major breakout trade. That trade will hit if JCP manages to take out some near-term overhead resistance levels at $17.17 to its gap-down-day high from February at $18.34 with high volume. Traders should now look for long-biased trades in JCP as long as it's trending above its 50-day at $16.33 or above today's low at $15.86 and then once it sustains a move or close above those breakout levels with volume that hits near or above 17.63 million shares. If that breakout hits soon, then JCP will set up to re-fill some of its previous gap down zone from February that started just above $21. Superior Energy ServicesSuperior Energy Services ( SPN) provides a wide variety of conventional products and services generally categorized by their typical use during the economic life of a well drilling, completions and production. This stock is trading up 6.7% at $25.97 in recent trading. Today's Volume: 2.92 million Average Volume: 1.95 million Volume % Change: 147% From a technical perspective, SPN is ripping higher here back above its 50-day moving average of $25.54 with heavy upside volume. This move is quickly pushing shares of SPN within range of triggering a near-term breakout trade. That trade will hit if SPN manages to take out some near-term overhead resistance levels at $26.33 to $27 and then once it clears more resistance at $27.36 with high volume.