Average Volume: 231,446
Volume % Change: 157% Shares of DIOD are soaring higher here after Robert W. Baird upgraded the stock to outperform from neutral and raised its price target to $29 from $20. >>5 Stocks Poised for Breakouts From a technical perspective, DIOD is gapping sharply higher here and entering breakout territory above some near-term overhead resistance levels at $21.64 to $21.66 with above-average volume. This move has pushed shares of DIOD into new 52-week high territory, which is bullish technical price action. Traders should now look for long-biased trades in DIOD as long as it's trending above those key near-term breakout levels, and then once it sustains a move or close above its 52-week high at $22.46 with volume that hits near or above 231,446 shares. If DIOD can maintain this move, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $25 to $27.50.