Yandex(YNDX) operates an Internet search engine in Russia and internationally. This stock is trading up 5.5% at $18.54 in recent trading.
Today's Volume: 1.8 million
Average Volume: 1.6 million
Volume % Change: 122%
From a technical perspective, YNDX is ripping higher here on above average volume. This move is coming off a near-term low of $16.65 that also coincided with an oversold condition. This stock recently became oversold once its RSI reading hit below 30.
Traders should now look for long-biased trades if YNDX can manage to trigger a near-term breakout trade. That trade will hit once YNDX takes out some near-term overhead resistance at $19.32 to $19.48 with high volume. Look for a sustained move or close above those levels with volume that's near or above 1.6 million shares. If we get that action soon, then YNDX could hit $21 to its 50-day moving average of $22.18 in the near future. Groupon