Today's Volume: 161,000Average Volume: 105,656 Volume % Change: 183% This stock is ripping higher today on solid volume after Barron's wrote a favorable article on how the stock is an interesting play on promising IPOs. I also featured the stock in October in " 11 Stocks to Play the Groupon IPO." From a technical standpoint, this stock has started to trigger a big breakout today now that shares have cleared some overhead resistance at $15 on high volume. Market players should now watch for a sustained move and close today above $15. If we get that action, then I expect this stock to challenge its nearest overhead resistance level at $17.23 at the minimum.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts