Delta Air Lines

Delta Air Lines ( DAL) operates as an airline, providing scheduled air transportation for passengers and cargo throughout the U.S. and around the world. This stock closed up 9.4% at $21.76 in Monday's trading session.

Monday's Volume: 48.67 million
Three-Month Average Volume: 10.83 million
Volume % Change: 336%

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From a technical perspective, DAL gapped up sharply higher here right above its 50-day moving average at $20.06 with strong upside volume. This move pushed shares of DAL into breakout territory, since the stock took out some near-term overhead resistance at $20.55. Shares of DAL are now quickly moving within range of triggering another big breakout trade. That trade will hit if DAL manages to take out some more near-term overhead resistance levels at $21.99 to its 52-week high at $22.05 with high volume.

Traders should now look for long-biased trades in DAL as long as it's trending above Monday's low of $20.76 and then once it sustains a move or close above those breakout levels with volume that's near or above 10.83 million shares. If that breakout hits soon, then DAL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $25 to $27.

Isis Pharmaceuticals

Isis Pharmaceuticals ( ISIS) is engaged in antisense drug discovery and development, exploiting a novel drug discovery platform it created to generate a broad pipeline of first-in-class drugs. This stock closed up 13.9% to $31.81 in Monday's trading session.

Monday's Volume: 4.54 million

Three-Month Average Volume: 1.50 million

Volume % Change: 227%

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From a technical perspective, ISIS gapped up sharply higher here and broke out above some near-term overhead resistance levels at $29.55 to $30 with strong upside volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $23.63 to its intraday high of $31.88. During that move, shares of ISIS have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of ISIS are now quickly moving within range of triggering another big breakout trade. That trade will hit if ISIS manages to clear its next major overhead resistance levels at $32.09 to its 52-week high at $34.31 with high volume.

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