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LiveDeal(LIVE) provides local customer acquisition services for small businesses. This stock is trading up 8.3% at $6.60 in recent trading. Today's Range: $6.40-$6.88 52-week Range: $1.02-$7.37 Volume: 100,000 Three-Month Average Volume: 74,548
From a technical perspective, LIVE is gapping up strong here on above average volume, and its breaking out above some near-term overhead resistance at $5.95 to $6.10. This move is pushing LIVE within range of triggering another major breakout trade. That trade will hit once LIVE takes out some past overheard resistance at $7.19 to $7.37 with high volume.
Traders should continue to look for long-biased trades in LIVE as long it closes near its daily highs, and then triggers that breakout over $7.19 to $7.37 on volume that's near or above 74,548 shares. If we see that action soon, then LIVE could trend toward $9 or higher.