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This company is a provider of outsourcing and transformation services. This stock is trading up 2.4% at $22.14 in recent trading.
Today's Volume: 303,000
Average Volume: 206,952
Volume % Change: 71%
From a technical perspective, EXLS is bouncing here off extremely oversold conditions with above-average volume. The current relative strength index reading for EXLS is 23.79. That reading indicates an extremely oversold condition, which was created by the stock getting hammered from its April high of $28.25 to its recent low of $21.35. Traders should now look for long-biased trades as long as EXLS is trending above $21.35 with strong upside volume flows.
I would consider any upside volume day that registers near or above 206,952 shares as bullish. This stock will also trigger a near-term breakout on a move above $23.39 with high-volume. On the flipside, I would avoid any long trades or look for short-biased trades if EXLS takes out $21.35 with heavy volume.