Ocean Rig UDWOcean Rig UDW ( ORIG), an offshore drilling contractor, is trading up 3.9% to $17.85 in recent trading. Today's Volume: 328,000 Average Volume: 338,957 Volume % Change: 59% From a technical perspective, ORIG is bouncing higher here right above its 50-day moving average of $16.34 with decent upside volume. This move is quickly pushing shares of ORIG within range of triggering a near-term breakout trade. That trade will hit if ORIG manages to take out some near-term overhead resistance levels at $17.80 to $17.99 and then once it clears its 52-week high at $18.43 with high volume. At last check, ORIG has hit an intraday high of $18.04 and volume is about to surpass its three-month average action of 338,957 shares. Traders should now look for long-biased trades in ORIG as long as it's trending above today's low of $16.89 or above its 50-day at $16.34 and then once it sustains a move or close above those breakout levels with volume that hits near or above 338,957 shares. If that breakout triggers soon, then ORIG will set up to enter new all-time high territory above $18.73, which is bullish technical price action. Some possible upside targets off that breakout are $20 to $23. SusserSusser ( SUSS) operates convenience stores and distributes motor fuels in Texas, New Mexico and Oklahoma. This stock is trading up 1% at $50.14 in recent trading. Today's Volume: 288,000 Average Volume: 282,250 Volume % Change: 63% From a technical perspective, SUSS is bouncing modestly higher here right off some near-term support at $48.85 with above-average volume. This move is quickly pushing shares of SUSS within range of triggering a near-term breakout trade. That trade will hit if SUSS manages to take out its 50-day moving average at $51.18 and then once it clears more resistance levels at $51.62 to $52.60 with high volume. Traders should now look for long-biased trades in SUSS as long as it's trending above today's low of $48.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 282,250 shares. If that breakout triggers soon, then SUSS will set up to re-test or possibly take out its next major overhead resistance levels at $55 to $57.
Investors considering a purchase of Advanced Emissions Solutions Inc shares, but tentative about paying the going market price of $21.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the April put at the $20 strike, which has a bid at the time of this writing of $1.20.
In trading on Friday, shares of Advanced Emissions Solutions Inc crossed above their 200 day moving average of $21.66, changing hands as high as $21.70 per share. Advanced Emissions Solutions Inc shares are currently trading up about 4.5% on the day.