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Logitech International(LOGI - Get Report) develops and markets hardware and software products for digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. This stock is trading up 5.3% at $11.22 in recent trading.
Today's Volume: 874,000
Average Volume: 769,390
Volume % Change: 108%
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From a technical perspective, LOGI is ripping higher here on above average volume as this stock follows through with its recent
breakout over $10.55 to $10.84. The recent strength in this stock has pushed LOGI into overbought territory since its current relative strength index reading is 78.12. That said, overbought can always get more overbought before any noticeable pullback will occur.
Traders should continue to look for long-biased trades in LOGI as long as it's trending above $10.55 to $10.84 with decent upside volume flows. I would consider any upside volume days that are near or above 769,390 shares as bullish. If we continue to see that action, then LOGI should easily re-test its next major significant overhead resistance levels at $12.09 to $13.36.