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OSI Systems(OSIS) is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. This stock is trading up 2% at $72.96 in recent trading.
Today's Volume: 117,000
Average Volume: 107,183
Volume % Change: 50%
From a technical perspective, OSIS is seeing some momentum buying today after the stock traded up significantly on Thursday and Friday of last week. That move on last Thursday pushed OSIS from $66 to $72 with monster upside volume.
Traders should now look for long-biased trades in OSIS as long as it's trending above some near-term support at $70 with strong upside volume flows. I would consider any upside volume day that registers near or above 107,183 shares as bullish. If OSIS can continue to hold its trend above $70, then this stock could hit $80 or higher in the near future. At last check, shares of OSIS have hit a new 52-week high today of $73.26 with above average volume.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.