Wednesday's Volume: 987,000
Three-Month Average Volume: 215,314
Volume % Change: 370%

From a technical perspective, ACHC skyrocketed higher here right off its 50-day moving average of $39.15 with strong upside volume. This move pushed shares of ACHC into breakout and new 52-week high territory, since the stock took out some past overhead resistance levels at $41 to $41.30. Market players can now look for a continuation trend higher in ACHC, if the stock can enter new 52-week-high territory in the near-term.

Traders should now look for long-biased trades in ACHC as long as it's trending above its 50-day at $39.15 and then once it sustains a move or close above Wednesday's high of $43.55 with volume that's near or above 215,314 shares. If we get that move soon, then ACHC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $48 to $50.

Holly Energy

Holly Energy ( HEP) is engaged mainly in the business of operating a system of petroleum product and crude oil pipelines, storage tanks, distribution terminals and loading rack facilities. This stock closed up 0.9% at $32.36 in Wednesday's trading session.

Wednesday's Volume: 189,000
Three-Month Average Volume: 96,832
Volume % Change: 165%

From a technical perspective, HEP bounced modestly higher here right off its recent low of $31.23 with above-average volume. This stock has been downtrending badly for the last three months, with shares falling from its high of $38.89 to its recent low of $31.23. During that move, shares of HEP have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of HEP could be signaling here that an end to its downside volatility is in the cards in the short-term.

Traders should now look for long-biased trades in HEP as long as it's trending above that recent low of $31.23 and then once it sustains a move or close above Wednesday's high of $32.10 with volume that's near or above 96,832 shares. If we get that move soon, then HEP will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $33.03 to $34, or even its 200-day moving average at $36.10.

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