8 Stocks Rising on Huge Volume
LogMeIn (LOGM) is a provider of on-demand, remote-connectivity, and support solutions to small and medium-sized businesses, information technology service providers, mobile carriers and consumers. The stock is trading up 2.5% at $34.78 in recent trading.
Today's Volume: 321,000Average Volume: 244,090 Volume % Change: 106% >>3 Tech Stocks With More Upside for 2012 From a technical perspective, LOGM is spiking modestly today off some near-term support at $33.45 with decent volume. Traders should continue to look for long biased trades as long as LOGM is trending above $33.45, and for a more bullish signal look for the stock to close near today's high of $35.17. If we get that action today, then look for LOGM to make a run at its 200-day moving average of $36.84 in the near future. I would simply avoid any long trades if LOGM breaks back below that near-term support of $33.45.
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