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BE Aerospace(BEAV) is a manufacturer of cabin interior products for commercial aircraft and business jets and distributor of aerospace fasteners and consumables. The stock is trading up 1.8% at $45.64 in recent trading.
Today's Volume: 1.6 million
Average Volume: 849,867
Volume % Change: 159%
>>10 Industrial Stocks Poised for a Rebound
Shares of BEAV are rising modestly today after the company reported a 25% jump in first-quarter revenue. The company reported record first-quarter revenues of $747.3 million, a 24.5% increase from $600 million during the same period last year.
From a technical perspective, BEAV briefly traded back above its 50-day moving average of $46.13 today with strong volume. At last check, the stock has pulled back from its intraday high of $47.48, and is now trading back below its 50-day.
Traders should now look for long-biased trades if BEAV can manage to trigger a major breakout trade. That trade will hit once BEAV takes out some near-term overhead resistance at $48.48 with high-volume. Look for volume on a move or close above that level that registers near or well above 849,867 shares. If we get that action soon, look for BEAV to trend towards $50 to $55 in the near future.