From a technical perspective, ENSG jumped higher here and broke out above some near-term overhead resistance at $45.35 with above-average volume. This move also pushed shares of ENSG into new 52-week-high territory, since the stock closed above $45.35. Market players should now look for a continuation move higher in the short-term if ENSG manages to take out Monday's intraday high of $46.32 with high volume.

Traders should now look for long-biased trades in ENSG as long as it's trending above some near-term support levels at $45 or at $43, and then once it sustains a move or close above its new 52-week high at $46.32 with volume that's near or above 65,086 shares. If we get that move soon, then ENSG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $50 to $55.

SM Energy

SM Energy ( SM) is an independent energy company engaged in the acquisition, exploration, development and production of oil, gas and NGLs in onshore North America. This stock closed up 1.1% at $89.12 in Monday's trading session.

Monday's Volume: 1.30 million
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.

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