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CommVault Systems(CVLT - Get Report) is a provider of data and information management software applications and related services. This stock is trading up 1.8% at $54.84 in recent trading.
Today's Volume: 599,000
Average Volume: 613,861
Volume % Change: 78%
>>4 Tech Stocks Set to Shine
technical analysis, CVLT is rising modestly here with decent volume. This move is quickly pushing CVLT within range of
triggering a major breakout trade. That trade will hit once CVLT takes out some past overhead resistance and its
52-week high of $55.49 with high volume. At last check, CVLT has hit an intraday high of 55.46 and volume is very close to eclipsing its three-month average action of 613,861 shares.
Traders should now look for long-biased trades in CVLT as long it's trending above $53.90, and then once it sustains a move or close above $55.49 with volume that's near or above 613,861 shares. If that breakout triggers soon, then CVLT will have a great chance of hitting $60 to $65 in the near future.
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.