Open Text (OTEX - Get Report) is engaged in providing enterprise content management software solutions. Open Text builds software that combines collaboration and process optimization. The stock is trading up 1.27% at $61.66 in recent trading.
Volume: 312,006Average Volume: 359,594 Volume % Change: 53% From a technical standpoint, this stock is bouncing with high volume today right off its 200-day moving average of $58.71 a share. The stock has also triggered a major breakout now that shares are clearing some past overhead resistance at around $59.72 a share. Traders should now watch for a sustained move and close above $59.72 to trigger that this stock wants to go much higher. The next resistance levels for OTEX won't come into play until around $68 to $70 a share, so today's move could be trigger a much large run in the near-term. Open Text is one of TheStreet Ratings' top-rated Internet stocks. -- Written by Roberto Pedone in Winderemere, Fla.
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