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Radware(RDWR - Get Report) develops manufactures and markets networking solutions that allow its enterprise and carrier customers to deliver their applications between data centers and remote locations, over all points in the network. This stock is trading up 1.6% at $37.76 in recent trading.
Today's Volume: 230,000
Average Volume: 164,267
Volume % Change: 129%
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From a technical perspective, RDWR is ripping here back above its 50-day
moving average of $37.53 on above average volume. This move is coming off of a bullish trend for RDWR of late, where the stock has been able to make higher lows since pulling back below its 50-day.
Traders should continue to look for long-biased trades as long as RDWR sustains a trend above its 50-day with strong
upside volume flows. I would consider any upside volume day above its 50-day that's near or above 164,267 shares as bullish. If we continue to see that action, then look for RDWR should easily hit $39 to $40 in the near future.