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MagicJack VocalTec(CALL - Get Report) is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. This stock is trading up 10.9% at $23.88 in recent trading.
Today's Volume: 1 million
Average Volume: 384,892
Volume % Change: 411%
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Shares of CALL are soaring today after the company said it expects to post a steep increase in first-quarter profits and sales and plans to resume its stock buyback program.
technical perspective, CALL is gapping up sharply higher today and moving back above its 50-day
moving average of $21.22 on monster volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once CALL can sustain a move and close above some near-term overhead resistance at $23.10.
At last check, the stock has hit a daily high today of $24.10. If we get a strong close on CALL, then traders should continue to look for long-biased trades as long as it's trending above $23.10 and it closes near its daily highs. A potential target if the strength continues is CALL's recent high of $28.22.