MarketAxess (MKTX - Get Report) operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The stock is trading up 10.5% at $33.75 in recent trading.
Today's Volume: 2.3 millionAverage Volume: 180,889 Volume % Change: 1772% Shares of MKTX are soaring today after the company priced a secondary offering of around 3.6 million shares at $30.50 each. From a technical perspective, MKTX is starting to break out today above some near-term overhead resistance at $33.44 with monster volume. Market players should now look for a sustained high-volume move and close over $33.44 and near its daily high of $33.80 to signal that this stock wants to trend much higher. If we get that action today, then look for this stock to re-test its 52-week highof $35.42 and potentially take that level out. Follow @stockpickr