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eHealth(EHTH - Get Report) offers Internet-based health insurance agency services for individuals, families and small businesses in the United States, as well as technology licensing and Internet advertising services. This stock is trading up 5.8% at $17.02 in recent trading.
Today's Volume: 137,000
Average Volume: 108,085
Volume % Change: 110%
Shares of EHTH are soaring today after the company reported fourth-quarter EPS of 18 cents per shares, which was 6 cents better than the analyst estimates of 12 cents per share. Revenue for the quarter came in at $43.1 million versus the consensus of $39.04.
From a technical perspective, EHTH is gapping up strong today with volume and breaking out above some near-term overhead resistance at $16.50.
Market players should now look for a sustained high-volume move and close above $16.50 to signal that this stock wants to trend much higher. It looks like we're going to get that action today, so look for EHTH to close near its daily highs. The next significant overhead resistance level for EHTH is $18.98.
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-- Written by Roberto Pedone in Winderemere, Fla.