AeroVironment (AVAV) is engaged in the design, development, production and support of unmanned aircraft systems and efficient energy systems for various industries and governmental agencies. The stock is trading up 5.3% at $30.29 in recent trading.
Today's Volume: 410,000Average Volume: 173,032 Volume % Change: 391% From a technical standpoint, AVAV has started to spike sharply back above its 50-day and 200-day moving averages today on heavy volume. Traders should watch for AVAV to sustain a high-volume move and close above some near-term overhead resistance at $33.34 to $34.28. If we get that action soon, then AVAV has a chance to make a run at its July high of $36.49. Look for volume on a move above $33.34 to $34.28 that registers near or above 173,032 shares.
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