SciQuest (SQI) provides on-demand strategic procurement and supplier management solutions. This stock is trading up 2.4% at $15.26 in recent trading.
Today's Volume: 171,000Average Volume: 102,956 Volume % Change: 222% Shares of SQI are moving modestly higher after some analysts said the company could be a takeover target, following the SAP-Ariba deal. >>7 Hot Stocks Turning Heads From a technical perspective, SQI is pushing back above its 50-day moving average of $14.90 here with above average volume. Traders should now look for long-biased trades if SQI can manage to trigger a breakout trade above some major overhead resistance. That trade will trigger once SQI can take out $15.40 to $15.50, and then $15.75 with high volume. Look for a sustained move or close above those levels with volume that's near or above 102,956 shares. If we get that action soon, then SQI could easily trend higher towards its next significant overhead resistance level at $17 to $18.
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