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Powerwave(PWAV) designs, manufactures, and markets end-to-end wireless solutions for wireless communications networks worldwide. This stock is trading up 13.9% to $1.97 in recent trading.
Today's Range: $1.73-$2.05
52-Week Range: $1.12-$24.35
Volume: 1.58 million
Three-Month Average Volume: 782,159
From a technical perspective, PWAV has started to flirt with a breakout trade today since the stock briefly crossed above some near-term overhead resistance at $2.04 with high-volume. Traders should continue to look for long biased trades if PWAV can manage to close near its daily high of $2.05.
If we get that action, then look for PWAV to trigger its next major breakout once it clears $2.17 with volume. Look for volume that's near or well above 782,159 shares. This stock could easily tag $2.60 to $2.95 if those levels resistance levels are taken out with high-volume soon.
PWAV shows up on a list of
6 Tech Stocks to Avoid in 2012.