Three-Month Average Volume: 3.65 million
Volume % Change: 169% >>5 Stocks With Big Insider Buying From a technical perspective, RIO ripped higher here back above its 200-day moving average of $48.56 with heavy upside volume. This move also pushed shares of RIO into breakout territory, since the stock took out some past overhead resistance levels at $48.82 to $49. Traders should now look for long-biased trades in RIO as long as it's trending above its 200-day at $48.56 or above Friday's low of $48.31 and then once it sustains a move or close above Friday's high of $50.35 with volume that hits near or above 3.65 million shares. If we get that move soon, then RIO will set up to re-test or possibly take out its next major overhead resistance levels at $52.45 to $57.83.