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Bazaarvoice(BV) is a provider of social commerce solutions that help its clients capture, display and analyze online word of mouth, including consumer-generated ratings and reviews, questions and answers, stories, recommendations, photographs, videos and other content about its clients' brands, products or services. This stock is trading up 6.4% at $16.10 in recent trading.
Today's Volume: 196,000
Average Volume: 248,032
Volume % Change: 74%
Shares of BV are ripping higher today after the company announced it acquired PowerReviews Inc. for about $151.9 million in a cash and stock deal.
From a technical perspective, BV is bouncing sharply here off of some previous support at around $15 with decent volume. This move is quickly pushing BV within range of triggering a major breakout trade. That trade will hit once BV takes out some near-term overhead resistance at $16.92, and then its 50-day moving average of $18.25 with high-volume.
Traders should now look for long-biased trades once BV sustains a move or close above those levels with volume that's near or above 248,032 shares. If we get that action soon, then this stock has a great chance of trading above $20 in the near future. On the flipside, BV should be avoided or a shorted if it breaks below some major support at $14.48 with high-volume.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.