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Silicon Graphics International(SGI) is a technical computing company. It develops, markets, and sells a range of computing servers and data storage, as well as differentiating software. This stock is trading up 3% to $9.60 in recent trading.
Today's Range: $9.09-$9.65
52-Week Range: $8.36-$22.95
Three-Month Average Volume: 826,416
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From a technical perspective, SGI is moving notably higher today on decent volume. This move has now pushed SGI within range of a number of near-term breakout levels. The first breakout level sits at around $10, and the second level sits at just above $11. That $11 area happens to be the daily high from a recent gap down in price from over $14 to under $10.50.
Traders should continue to look for long-biased traders in SGI if it takes out $10 to $11 with high-volume. Look for a sustained high-volume move and close above those levels that comes on volume near or well above 826,416 shares. If we get that action soon, then look for SGI to fill some of that gap.