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7 Stocks Spiking on Monster Volume

Zagg

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Zagg (ZAGG - Get Report) designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGaudio, and ZAGGskins. This stock is trading up 6.4% at $13.09 in recent trading.

Today's Volume: 1.7 million Average Volume: 1.1 million

Volume % Change: 137%

Shares of ZAGG are skyrocketing today ahead of the company's quarterly earnings report, which is expected to be released on Thursday.

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, ZAGG has triggered a major breakout trade here since this stock has moved above some past overhead resistance at $12.35 on heavy volume.

Traders should now look for long-biased trades as long as ZAGG is trending above $12.35, and if it can close near its daily highs. If we get that action today, then look for ZAGG to continue its uptrend in front of its quarter toward its next significant overhead resistance level at $14.

Following its earnings report, traders should look for long-biased trades if ZAGG can trigger a breakout trade over $14 with volume. Look for a sustained move or close over $14 with volume that's near or well above 1,124,510 shares. If we get that action, look for ZAGG to make a run at $16 to $17 or possibly much higher.
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SYM TRADE IT LAST %CHG
CYMI $0.00 0.00%
CYOU $23.29 0.00%
FRAN $12.16 0.00%
MDRX $14.46 0.00%
ZAGG $7.77 0.00%

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