Xcel Energy

Xcel Energy ( XEL) is engaged in the generation, purchase, transmission, distribution and sale of electricity and in the purchase, transportation, distribution and sale of natural gas. This stock closed up 3.1% at $27.94 in Wednesday's trading session.

Wednesday's Volume: 9.37 million
Three-Month Average Volume: 3.45 million
Volume % Change: 305%

>>5 Hated Earnings Stocks You Should Love

From a technical perspective, XEL bounced notably higher here right above some previous support at $26.86 with monster upside volume. This move pushed shares of XEL into breakout territory, since the stock took out some near-term overhead resistance levels at $27.87 to $27.81. Shares of XEL are now trending within range of triggering another big breakout trade. That trade will hit if XEL manages to take out both its 200-day moving average at $28.15 and its 50-day moving average of $28.46 with high volume.

Traders should now look for long-biased trades in XEL as long as it's trending above some key near-term support at $26.86 and then once it sustains a move or close above those breakout levels with volume that's near or above 3.45 million shares. If that breakout hits soon, then XEL will set up to re-test or possibly take out its next major overhead resistance levels at $29.75 to $30.

AngloGold Ashanti

AngloGold Ashanti ( AU), a gold exploration, mining and marketing company, holds a portfolio of operations and projects on four continents. This stock closed up 8.9% at $14.30 in Wednesday's trading session.

Wednesday's Volume: 10.26 million
Three-Month Average Volume: 4.11 million
Volume % Change: 325%

>>5 Stocks Under $10 in Breakout Territory

From a technical perspective, AU exploded higher here back above its 50-day moving average of $13.41 with monster upside volume. This stock recently formed a double bottom chart pattern at $12.69 to $12.50. Following that bottom, shares of AU have started to rebound sharply higher and move within range of triggering a big breakout trade. That trade will hit if AU manages to take out some near-term overhead resistance levels at $14.95 to $15.23 with high volume.

Traders should now look for long-biased trades in AU as long as it's trending above its 50-day at $13.41 or above more support at $12.50 and then once it sustains a move or close above those breakout levels with volume that's near or above 4.11 million shares. If that breakout hits soon, then AU will set up to re-test or possibly take out its next major overhead resistance levels at $17 to $18, or even $19.

If you liked this article you might like

'The Handmaid's Tale' Emmy Win Is Really Big for Netflix

Viacom Stock Rises as CEO Touts Coming of Entertainment Skinny Bundle

Cable Channels Unite to Bring Non-Sports Streaming Service to Viewers

Disney Shares Tumble on Iger's 2017 Earnings Forecast

Todd Juenger's Unabashed Pessimistic Prognosis for (Most) Media Stocks