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Lionbridge Technologies(LIOX - Get Report) provides a suite of language, development and testing solutions to businesses, particularly in the technology, mobile and telecommunications, Internet and media, life sciences, government, manufacturing, automotive, retail and aerospace industries. This stock is trading up 5.2% at $2.83 in recent trading.
Today's Range: $2.80-$3.07
52-Week Range: $1.94-$3.63
Three-Month Average Volume: 151,615
Shares of LIOX are moving notably higher today after the company reported revenue of $112.1 million, an increase of $12.4 million compared to the first-quarter of 2011, reflecting year-over-year growth of 12%.
From a technical perspective, LIOX is gapping up sharply higher here back above both its 50-day and 200-day moving averages on above average volume. This move is quickly pushing the stock within range of triggering a breakout trade. That trade will hit once LIOX can take out some past overhead resistance at $3.06 to $3.08 with high-volume.
Traders should look for long-biased trades if LIOX can sustain a move or close above those levels on volume that's near or above 151,615 shares. If we get that action soon, look for LIOX to make a run at its next significant overhead resistance levels at $3.50 to $3.75 in the near future.