Sycamore Networks (SCMR) develops and markets intelligent bandwidth management solutions for fixed line and mobile network operators worldwide and provides services associated with such products. This stock is trading up 4.9% at $18.78 in recent trading.
Today's Volume: 66,000Average Volume: 83,275 Volume % Change: 68% From a technical standpoint, SCMR is starting to flirt with trading above its 50-day moving average today of $18.75. Market players should now look for long biased trades if SCMR can manage to sustain a high-volume move and close above $18.75. Volume at last check is still below the daily average of 83,275, so look for volume to improve on any close over $18.75 today or in the near future. A high-volume move and close over $18.75 should setup SCMR to re-rest its 200-day moving average of $20.25.
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