CalAmp (CAMP) develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. This stock is trading up 10% at $4.30 in recent trading.
Today's Range: $3.84-$4.4952-week Range: $2.46-$4.49 Volume: 280,000 Three-Month Average Volume: 82,762 This company is soaring higher today after CalAmp announced it was awarded a $4.7 million extension of its development contract to help design and supply initial radios for the North American interoperable Positive Train Control system. From a technical standpoint, this stock has started to trigger a big breakout today now that it has begun a high-volume move above some past overhead resistance at $3.85 to $4 a share. If this stock can sustain a move and close above $4, then I would look for shares of CAMP to trend significantly higher in the coming days and weeks, as long as it stays above those breakout levels.
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