"From a technical perspective, AFFY is ripping dramatically higher here right off some near-term support at $20.82 and back above its 50-day moving average of $22.17 with monster volume. This move is quickly pushing AFFY within range of triggering a near-term breakout trade. That trade will hit once AFFY manages to take out some near-term overhead resistance at $24 with high volume.
Traders should now look for long-biased trades in AFFY as long as it's trending above its 50-day at $22.17, and then once it sustains a move or close above $24 with volume that hits near or above 875,894 shares. If that breakout triggers soon, then AFFY will set up to re-test or possibly take out its next major overhead resistance levels at $26.14 to $27.74. Any high-volume move above $27.74 should be considered bullish technical price action, since that will mean AFFY has entered new 52-week high territory".