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Cal-Mine Foods(CALM - Get Report) is a producer and marketer of shell eggs in the U.S. This stock is trading up 2.3% at $37.34 in recent trading.
Today's Volume: 174,000
Average Volume: 103,173
Volume % Change: 232%
Shares of CLAM are moving higher today after the company reported a higher profit because it benefited from an extra week of sales this quarter. The company posted a quarterly income of $37.3 million, or $1.56 per share, compared with $7.3 million, or 30 cents per share, a year earlier.
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technical perspective, CALM is gapping up here back above both its 200-day moving average at $36.30 and its 50-day
moving average at $37.02 with heavy volume. This stock has also briefly flirted with entering breakout territory, since CLAM has challenged some near-term overhead resistance at $37.61.
Traders should now look for long-biased trades in CALM as long as it's trending above its 50-day, and above $37.61 to $38.06 with strong upside volume flows. I would consider any upside volume day that registers near or above 103,173 shares as bullish. If we get that action, then CALM could spike towards $39 to $41 in the near future.