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Volterra Semiconductor(VLTR) designs, develops and markets analog and mixed-signal power management semiconductors for the computing, storage, networking, and consumer markets. This stock is trading up 3.1% at $31.18 in recent trading.
Today's Volume: 223,000
Average Volume: 279,265
Volume % Change: 56%
From a technical perspective, VLTR is ripping sharply higher here with decent volume. This move is quickly pushing VLTR within range of a breakout trade. That trade will hit once VLTR takes out its 50-day moving average of $31.90 with high-volume.
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Traders should now look for long-biased trades if VLTR can sustain a move or close over $31.90 with volume that's near or above 279,265 shares. If we get that action soon, look for VLTR to re-test its next near-term overhead resistance levels at $33.39 to its 52-week high of $34.87.
On the flipside, I would look for short-biased trades if VLTR fails to take out its 50-day, and then moves back below some near-term support at $28.79 with heavy volume.