Medical Action IndustriesMedical Action Industries ( MDCI) develops, manufactures, markets and supplies a variety of disposable medical products. This stock closed up 4.7% to $6.19 in Thursday's trading session. Thursday's Range: $5.95-$6.39 52-Week Range: $2.25-$10.07 Thursday's Volume: 63,000 Three-Month Average Volume: 121,755 From a technical perspective, MDCI spiked sharply higher here right off some near-term support at $5.89 and back above its 50-day moving average of $6.06 with lighter-than-average volume. This stock recently plunged lower from its high of $10.07 to its low of $5.04. During that sharp drop, shares of MDCI were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of MDCI have now started to rebound sharply off that $5.04 low and it's quickly moving within range of triggering a major breakout trade. That trade will hit if MDCI manages to take out its 200-day moving average at $6.49 and then once it clears more resistance at $6.76 to $7.13 with high volume. Traders should now look for long-biased trades in MDCI as long as it's trending above some key near-term support at $5.89 and then once it sustains a move or close above those breakout levels with volume that hits near or above 121,755 shares. If that breakout triggers soon, then MDCI will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $9. Aluminum Corporation of ChinaAluminum Corporation of China ( ACH) is a vertically integrated aluminum producer with operations in bauxite mining, alumina refining, primary aluminum smelting and aluminum fabrication. This stock closed up 4.8% to $9.36 in Thursday's trading session. Thursday's Range: $9.13-$9.36 52-Week Range: $7.25-$13.29 Thursday's Volume: 94,000 Three-Month Average Volume: 81,112 From a technical perspective, ACH moved higher here right above its 50-day moving average of $8.77 with above-average volume. This stock has been uptrending very strong for the last three months, with shares soaring higher from its low of $7.24 to its recent high of $9.59. During that uptrend, shares of ACH have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ACI within range of triggering a near-term breakout trade. That trade will hit if ACH manages to take out some near-term overhead resistance levels at $9.59 to its 200-day moving average of $9.70 with high volume.