Altisource Portfolio Solutions
Altisource Portfolio Solutions (ASPS), together with its subsidiaries, is a provider of services focused on high value, knowledge-based functions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management. This stock is trading up 2.5% at $64.08 in recent trading.
Today's Volume: 230,000Average Volume: 140,746 Volume % Change: 164% From a technical perspective, ASPS recently broke out above some near-term overhead resistance at $54.36 with monster volume. Since breaking out, the stock has soared towards its current price of just over $64. This huge up move has pushed ASPS into overbought territory since its relative strength index (RSI) is now over 82. Overbought can always get move overbought, but when a stock gets above an 80 RSI it's usually smart to lock in profits, or only look for shorter-term long-biased trades. One big bet on Altisource comes from Leon Cooperman's Omega Advisors, which owned 1.75 million shares as of the most recently reported period. Follow @stockpickr
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