AMC Network

AMC Network ( AMCX) owns and operates several popular and award-winning brands in cable television, including AMC, IFC, Sundance Channel, WE tv and IFC Films. This stock closed up 1.3% at $66.41 in Wednesday's trading session.

Wednesday's Volume: 814,000
Three-Month Average Volume: 445,048
Volume % Change: 120%

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From a technical perspective, AMCX trended modestly higher here back above its 50-day moving average of $66.06 with above-average volume. This stock recently pulled back sharply from its August high of $72.46 to its recent low of $61.05. Shares of AMCX found some buying interest right above its 200-day, and the stock has now rebounded sharply back above its 50-day. That move is now pushing shares of AMCX within range of triggering a near-term breakout trade. That trade will hit if AMCX manages to take out some near-term overhead resistance at Wednesday's high of $67.25 to more resistance at $68.41 with high volume.

Traders should now look for long-biased trades in AMCX as long as it's trending above $65 or $64.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 445,048 shares. If that breakout hits soon, then AMCX will set up to re-test or possibly take out its 52-weeek high at $72.46.

Alamos Gold

Alamos Gold ( AGI), a gold mining company, engages in the development, exploration, mining, and extraction of precious metals, primarily gold in Mexico and Turkey. This stock closed up 7.7% at $16.89 in Wednesday's trading session.

Wednesday's Volume: 517,000
Three-Month Average Volume: 90,013
Volume % Change: 571%

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From a technical perspective, AGI spiked sharply higher here right off its 50-day moving average of $15.13 with heavy upside volume. This marked the third day in a row that shares of AGI have seen strong upside volume flows. Shares of AGI are now quickly moving within range of triggering a major breakout trade. That trade will hit if AGI manage to take out Wednesday's high of $17 to $17.04 with high volume.

Traders should now look for long-biased trades in AGI as long as it's trending above its 50-day at $15.13 or above its 200-day at $14.50, and then once it sustains a move or close above those breakout levels with volume that's near or above 90,013 shares. If that breakout hits soon, then AGI will set up to re-test or possibly take out its next major overhead resistance levels at $19.79 to $20.61.

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