Equifax Surges on Record Volume as Technical Breakout Propels Stock to 285th in Market Activity

Equifax (EFX) surged 5.11% to $253.30 on August 13, with a trading volume of 430 million dollars—96.94% higher than the previous day—ranking 285th in market activity. The rally reflects a decisive technical breakout following a two-day cumulative gain of 5.70%.

Price action on August 13 formed a bullish white candle piercing above the $242 resistance level, previously a consolidation ceiling since late July. This followed a hammer pattern on August 11, reinforcing the rejection of lower levels. Key support now resides near $238-240, while $260-265 represents critical resistance aligned with prior distribution zones. The 50-day moving average (~$248) provided dynamic support, but the 100-day MA (~$256) remains a pivotal near-term barrier.

Technical indicators confirmed the upward momentum. The MACD histogram turned positive in August, signaling strengthening bullish momentum. The KDJ indicator showed the %K line crossing above the %D line in overbought territory (>80), suggesting potential short-term exhaustion. Bollinger Bands expanded after a July consolidation, with the close near the upper band (~$255) highlighting strong upward thrust. The 14-period RSI rose to 67, nearing overbought levels but not yet triggering a warning.

Volume surged to 1.69 million shares on August 13—well above the recent average of 1.1 million—validating the breakout’s credibility. This marked the highest volume since the July 22 sell-off, which solidified the $238 low as a major support level. The volume-price alignment underscores sustained buyer conviction in the current rally.

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