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Velti(VELT) is a global provider of mobile marketing and advertising technology and solutions. This stock is trading up 3.7% at $7.98 in recent trading.
Today's Range: $7.71-$8.30
52-Week Range: $4.99-$14.65
Three-Month Average Volume: 923,295
>>4 Tech Stocks Set to Shine
From a technical perspective, VELT is trending higher here with decent volume. This move is quickly pushing VELT within range of triggering a major breakout trade. That trade will hit once VELT clears some near-term overhead resistance levels at $8.04 to $8.61 with high volume.
Traders should now look for long-biased traders in VELT as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that's near or above 923,295 shares. If that breakout triggers soon, then VELT will have an excellent chance of hitting $11 to $12 in the near future. Keep in mind that any high-volume close above VELT's
200-day moving average of $8.48 should be considered bullish technical price action.