We are on a upward swing again, and this time investors sold off to offset some losses in other companies at the end of the year, so this upward movement should last much longer this time, as we should get past $160 this month. Earnings will be here soon enough and those will be great also.
This isn't a breakout. The upper resistance on this stock has been around $152-$153 range. If we break through that resistance point in big volume, then we have a breakout. If it occurs when the volume is > 50% average, then we are off to the moon...
For my other stocks that are well up today (e.g. TRA, FLR, FWLT), the volume is well up. PCP appears to be very close to a normal 20 day volume. Maybe a tad less. But look at a couple of the indicators that I like such as PPO and slow Stochastics. Notice the crossover to the upside. Those are bullish signals.