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Cardtronics(CATM - Get Report)
This company provides automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. The stock is trading up 3.3% at $27.47 in recent trading.
Today's Volume: 885,000
Average Volume: 342,681
Volume % Change: 238%
Shares of Cardtronics are ripping higher today after Credit Suisse said the company is well positioned for earnings and cash flow growth. Credit Suisse initiated coverage on the stock with an outperform rating and a price target of $31.
From a technical standpoint, CATM is currently trading very close to a big breakout level of $28.74. Market players should watch this name to trigger that breakout if it can manage to clear $28.74 with high-volume. At last check, the stock hit $28.30 today and volume is already well above the average action at 885,000 shares traded. Look for long biased trades once CATM clears $28.74 with volume in the near future.