Buckeye Partners

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Buckeye Partners ( BKW) restaurants feature flame-grilled hamburgers, chicken and other specialty sandwiches, french fries, soft drinks and other food items. This stock is trading up 3.9% at $21.45 in recent trading.

Today's Volume: 895,000
Average Volume: 765,458
Volume % Change: 130%

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From a technical perspective, BKW is spiking higher here and breaking out into new all-time high territory above $20.58 with above-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from it low just under $18.50 to its intraday high of $21.70. During that move, shares of BKW have been mostly making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in BKW as long as it's trending above today's low of $20.83 and then once it sustains a move or close above its all-time high at $21.70 with volume that this near or above 765,458 shares. If we get that move soon, then BKW will set up to enter new all-time-high territory above $21.70, which is bullish technical price action. Some possible upside targets off that move are $25 to $30.

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