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Magic-Jack VocalTec(CALL) is a provider of carrier-class voice over Internet protocol and convergence solutions for fixed and wireless communication service providers. This stock is trading up 2.8% at $23.63 in recent trading.
Today's Volume: 309,000
Average Volume: 343,595
Volume % Change: 68%
From a technical perspective, CALL is bouncing off of some pervious support at around $22.70 today with decent volume. This stock recently formed a near-term double bottom since buyers have stepped in to support the shares at $22.50 to $22.70 in the last few weeks.
Traders should continue to look for long-biased trades as long as CALL doesn't trade back below those support levels with high-volume. If we can get a strong close on CALL today near its daily highs, then this stock has a great chance to make a run at $26 to $28.22 (recent high) in the very near future.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.