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Cirrus Logic(CRUS - Get Report) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. This stock is trading up 4.8% at $28.79 in recent trading.
Today's Volume: 2.6 million
Average Volume: 2.4 million
Volume % Change: 84%.
From a technical perspective, CRUS is spiking sharply higher here on above average volume. This move has pushed CRUS into breakout territory, since the stock has taken out some near-term overhead resistance at $28.25 with strong volume.
Traders should now look for long-biased trades as long as CRUS is trending above $28.25 to today's high of $29.30 with strong upside volume flows. I would consider any upside volume day that registers near or above 2,433,420 as bullish. If we continue to see CRUS trending above $28.25 to $29.30 with strong volume, then this stock should head north of $30 in the near future.
Cirrus shows up on a recent list of
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