Blue Coat Systems
Blue Coat Systems (BCSI) designs, develops and sells proxy and other appliances, and related software and services that secure the delivery of business applications, Web content and other information to distributed users over a wide area network, or across an enterprise's gateway to the public Internet The stock is trading up 8% at $18.30 in recent trading.
Today's Volume: 3,393,000Average Volume: 757,408 Volume % Change: 1367% This stock is ripping higher today on high-volume after the company reported a second-quarter profit of 20 cents per share, topping Wall Street estimates of 13 cents per share. Revenue totaled $114 million, which was about $9 million better than expected. >>7 Smaller Stocks Beating the Big Guys From a technical standpoint, this stock has started to break out off the bullish earnings news now that the shares have started to move above some past overhead resistance at $17.23 to $18.36. Market players should watch for the stock to close above those levels to signal that this stock wants to trend higher. If we see a close over $18.36, then look for this stock to make a run at its 200-day moving average of $21.44 in the near future.
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