GeoEye (GEOY) is a commercial provider of earth imagery, and a provider of image-processing services and geospatial information services to the United States and foreign government defense and intelligence organizations, domestic federal and foreign civil agencies and commercial customers. This stock is trading up 7.3% at $20.50 in recent trading.
Today's Volume: 273,000Average Volume: 290,670 Volume % Change: 152% >>6 Stocks to Play if the Market Tanks From a technical perspective, GEOY is bouncing big here off of some previous support at around $19 with decent volume. This sharp bounce has now pushed GEOY into breakout territory since the stock has taken out some near-term overhead resistance at $19.99. Traders should now look for long-biased trades as long as GEOY is trending above $19.99 with strong upside volume flows. I would consider any upside volume day that registers near or above 290,670 shares as bullish. If we continue to see that action, then GEOY has a great chance of tagging its 50-day moving average of $22.63 soon or possibly much higher.
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