Globecomm Systems (GCOM) engages in the provision of satellite-based network solutions to government, communications service providers, commercial enterprises, and media and content broadcasters in the U.S., Europe, South America, Africa, the Middle East, and Asia. This stock is trading up 5.4% at $14.43 in recent trading.
Today's Volume: 93,500Average Volume: 94,677 Volume % Change: 100% From a technical standpoint, GCOM is flirting with a major breakout today if this stock can manage to sustain a high-volume move and close above some near-term overhead resistance at $14.62. A high-volume move and close over $14.62 should set this stock up to make a run at its 52-week high of $16.43. The reason a good percentage pop should happen for GCOM on a move over $14.62 is that that level has held as tough resistance for the past five months. Globecomm is one of TheStreet Ratings' top-rated communications equipment stocks.
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