Three-Month Average Volume: 878,928
Volume % Change: 85% From a technical perspective, SM spiked modestly higher here right above its 50-day moving average of $84.98 with above-average volume. This stock has been trending sideways and consolidating for the last month, with shares moving between $83.52 on the downside and $93.70 on the upside. Shares of SM are now starting to push within range of triggering a big breakout trade above the upper-end of its recent range. That trade will hit if SM manages to take out Monday's high of $89.63, and then once it clears more resistance at $92.57 to its 52-week high at $93.70 with high volume. Traders should now look for long-biased trades in SM as long as it's trending above its 50-day at $84.98 and then once it sustains a move or close above those breakout levels with volume that's near or above 878,928 shares. If that breakout hits soon, then SM will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $100 to $105.