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Mitek Systems(MITK) is engaged in the development, sale and service of software solutions related to mobile imaging applications and intelligent recognition software. This stock is trading up 4.5% at $12.15 in recent trading.
Today's Volume: 541,000
Average Volume: 595,244
Volume % Change: 66%
From a technical perspective, MITK is gapping higher today on decent volume. This move is quickly pushing the stock within range of triggering a big breakout trade. That breakout will hit once MITK can take out some near-term overhead resistance at $12.80, and then some more past resistance at $13.11 with high-volume.
Look for a sustained high-volume move and close above those levels that registers near or above 595,244 shares. If we get that action soon, then traders should look for long biased trades in MITK. A potential near-term target if that breakout triggers is $15 or higher.
Mitek shows up on a recent list of
10 Best-Performing Stocks in Three-Year Bull Market.