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Skullcandy(SKUL - Get Report) develops and distributes headphones and other audio accessories to retailers throughout the U.S. and to distributors in various countries worldwide. This stock is trading up 2.75% at $16.42 in recent trading.
Today's Volume: 646,000
Average Volume: 486,300
Volume % Change: 71%
From a technical perspective, SKUL is moving notably higher here with above average volume. This move is quickly pushing SKUL within range of triggering a near-term breakout trade. That trade will hit once SKUL clears some near-term overhead resistance levels at $16.80 to $17.76 with high volume.
Traders should now look for long-biased trades once SKUL sustains a move or close above those levels with volume that's near or above 486,300 shares. At last check, SKUL has hit an intraday high of $16.75 and volume is tracking in higher than its three-month average action of 486,300 shares. If that breakout triggers soon for SKUL, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance level at $19.75.
I also featured Skullcandy last week in "
5 Stocks Poised for Breakouts."