Another stock that is worth watching for a breakout is AuthenTec (AUTH), a provider of security, identity management and touch control technologies for personal computer, wireless device and information technology markets. This stock is trending hot in 2011, with shares up over 60%.
If you take a look at the chart for AuthenTec, you'll notice that this stock has been uptrending strong for the past couple of months after buyers stepped in big to support it near $2.15 to $2.33 a share. This stock has been making higher highs and higher lows as it has trended from $2.15 to its current price of around $4 a share, which is bullish. This bullish action now sets up AUTH for a big breakout and volume is tracking in very strong. Four recent upside volume days have registered north of 700,000 shares, which is well above its three-month average volume of 257,000 shares.