Today's Volume: 530,000Average Volume: 657,239 Volume % Change: 50% Shares of ACTG are moving higher today after the company said it has entered into a settlement agreement with Fujitsu Semiconductor. This agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of Texas and patent litigation that was pending in the United States District Court for the Northern District of California. From a technical perspective, ACTG is gapping up sharply here with decent volume right off some near-term support at $24.15. This move is quickly pushing ACTG within range of triggering a major breakout trade. That trade will hit once ACTG takes out some near-term overhead resistance at $27.19 with high volume. At last check, ACTG has hit an intraday high of $27.24 but it has subsequently pulled back to its current price of $26.50. Traders should now look for long-biased trades once ACTG sustains a move or close above $27.19 with volume that's near or above 657,239 shares. If that breakout triggers soon, then look for ACTG to possibly make a run at its 50-day moving average of $32.05 or higher. On the flip side, I would avoid ACTG or look for short-biased trades if it fails to trigger that breakout, and then moves back below some major near-term support at $24.15 to $23.24 with heavy volume.