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4 Tech Stocks Spiking on Big Volume

Computer Programs & Systems

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Computer Programs & Systems (CPSI - Get Report) is a health care information technology company that designs, develops, markets, installs and supports computerized information technology systems. This stock is trading up 5.6% at $49.45 in recent trading.

Today's Volume: 141,000

Average Volume: 78,392

Volume % Change: 206%

>>5 Tech Stocks to Trade (or Not)

Shares of CPSI are ripping higher today after UBS AG initiated coverage on the stock with a buy rating and a $61 price target.

From a technical perspective, CPSI is moving sharply higher here with above average volume. This move is quickly pushing CPSI within range of triggering a near-term breakout trade. That trade will hit once CPSI takes out some near-term overhead resistance at $50.68, and above its 50-day moving average of $51.06 with high volume.

Traders should now look for long-biased trades once CPSI sustains a move or close above those levels with volume that's near or above 78,392 shares. Keep in mind that you can also look to get long CPSI off weakness as long as it holds today's low of $47.06. If that breakout triggers soon, then CPSI will have a great chance of re-testing or possibly taking out its 200-day moving average of $53.02.
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CPSI $51.80 4.20%
MCRS $67.99 0.00%
NTAP $22.90 -0.43%
SOHU $43.51 0.62%
AAPL $94.19 -1.04%


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