LeCroy (LCRY) develops, manufactures, sells and licenses oscilloscopes and communication protocol analyzers. This stock is trading up 13.8% at $10.79 in recent trading.
Today's Volume: 172,000Average Volume: 96,168 Volume % Change: 177% Shares of LCRY are moving sharply to the upside today after the company reported second quarter EPS and revenue that were in line and announced plans to repurchase 5 million shares. From a technical standpoint, LCRY has started to trade back above its 200-day moving average of $10.25 today on heavy volume. Market players should now watch for an even bigger breakout trade to trigger if LCRY can take out some overhead resistance at $10.75 to $11.21 with volume. Look for volume on a move and close above those levels that's near or above 96,168 shares to signal that this stock wants to trade back toward its next significant overhead resistance level at $12.96 in the near future.
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