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Pegasystems(PEGA - Get Report) develops, markets, licenses, and supports software to automate complex, changing business processes. This stock is trading up 3% at $30.08 in recent trading.
Today's Volume: 471,000
Average Volume: 329,357
Volume % Change: 181%
From a technical standpoint, this stock gapped down huge a few days ago from over $36 to a low of $28.34. That gap down took the stock down to some previous support at just above $28 a share. The stock has started to find some buying support if that level and is now spiking higher on solid volume.
The next buy trigger will hit once PEGA trades back above its gap down day high of $31.42 with high-volume. Look for volume that comes in near or above its three-month average action of 329,357 shares.
-- Written by Roberto Pedone in Winderemere, Fla.