US Weekly Economic Calendar

time (et)	report	period	ACTUAL	forecast	previous
MONDAY, MARCH 21
8:30 am	Chicago Fed national activity	Feb.		--	0.28
10 am	Existing home sales	Feb.		5.30 mln	5.47 mln
TUESDAY,  MARCH 22
	None scheduled
WEDNESDAY, march 23
10 am	New home sales	Feb.		523,000	494,000
THURSDAY, march 24
8:30 am	Weekly jobless claims	3/19		N/A	N/A
8:30 am	Durable goods orders	Feb.		-2.7%	4.9%
8:30 am	Core capital equipment orders	Feb.		-0.5%	3.9%
9:45 am	Markit PMI flash	March		--	51.3
FRIDAY, march 25
8:30 am	Gross domestic product	Q4		0.8%	1.0% (Q4)

VHC: VirnetX Holding, Will Breakout of Descending Wedge Mean a New Bull?

LFC: China Life Insurance, $12 Resistance Breakout Projects Higher Price

TOUR: Tuniu, Breakout Through First Resistance on Good Volume, Wants to Move Higher

CF: CF Industries Holdings, Breakout form Bull Flag on Volume Projects to $44

HSC: Harsco, Ascending Triangle Breakout on Volume, Confirmed by Indicators, $7.25 Resistance

UIS: Unisys, Rally Off the Bottom?

Another under-$10 stock that's starting to rebound within range of triggering a major breakout trade is Unisys (UIS) , which provides information technology services worldwide. This stock has been smashed lower by the bears over the last six months, with shares down large by 46%.

If you take a look at the chart for Unisys, you'll notice that this stock recently gapped-down sharply lower from around $12 a share to under $8 a share with heavy downside volume flows. Following that move, shares of Unisys went on to print a new 52-week low of $7.10 a share. This stock has now started to rebound notably higher off that $7.10 low on Wednesday with strong upside volume flows. Volume for that trading session registered over 2.10 million shares, which is well above its three-month average action of 924,658 shares. This high-volume rip to the upside is now quickly pushing shares of Unisys within range of triggering a major breakout trade.

Market players should now look for long-biased trades in Unisys if it manages to break out above Wednesday's intraday high of $7.61 a share and then above more key near-term overhead resistance at $7.75 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 924,658 shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $8.15, or even $8.70 to around $9.25 a share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around its new 52-week low of $7.10 a share. One can also buy shares of Unisys off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.