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MTS Systems(MTSC - Get Report) is a global supplier of test systems and industrial position sensors. The stock is trading up 13% at $40.52 in recent trading.
Today's Volume: 123,000
Average Volume: 68,594
Volume % Change: 363%
This stock is ripping today after the company reported record quarterly revenue that was up 24% to $132 million, and record EPS growth of 74% at 94 cents per share.
From a technical standpoint, this stock has triggered a big breakout today once shares cleared some
near-term overhead resistance at $39.31 and at the 200-day
moving average of $39.26. Since clearing those levels, the stock has now pulled back from its daily high of $42.30.
Traders should now watch for the stock to close above the breakout level of $39.31. If we get that close, then look for this stock to make another attempt to re-test $42 to possibly $44.50 in the near-term.
As of the most recently reported period, MTS was a holding in
Mairs & Power's portfolio.