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CommVault Systems(CVLT - Get Report) is a provider of data and information management software applications and related services. This stock is trading up 7.6% at $50.59 in recent trading.
Today's Volume: 1.5 million
Average Volume: 537,848
Volume % Change: 324%
Shares of CVLT are soaring today after the company said it beat Wall Street estimates on the top and bottom lines for its third quarter ended on Dec 31. Revenue for the quarter rose 24% to $103.6 million versus Wall Street estimates of $100 million.
From a technical standpoint, CVLT is quickly
approaching a major breakout trade today now that the stock is trending right below its all-time high of $50.90.
Traders should now look for a sustained
high-volume move and close over $50.90 to signal that CVLT wants to break out and spike higher. Look for volume that's near or above 537,848 on any move over $50.90.
At last check, volume today is very strong and the stock has printed a high of $50.87.
CommVault shows up on a recent list of
10 Stocks of Top-Performing Funds in 2012 and was featured in "
5 High-PEG Stocks to Stay Away From."