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NetSol Technologies(NTWK - Get Report) designs, develops, markets and exports software products to customers in the automobile finance and leasing, banking, health care and financial services industries worldwide. This stock is trading up 5.9% at $5.72 in recent trading.
Today's Range: $5.40-$5.78
52-Week Range: $3.50-$9.50
Three-Month Average Volume: 76,211
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technical perspective, NTWK is bouncing strong here right off some near-term support at $5.40 with above-average volume. This move is quickly pushing NTWK within range of triggering a major breakout trade. That trade will hit once NTWK takes out some overhead resistance levels at $6.20 to $6.30 with high volume.
Traders should now look for long-biased trades in NTWK as long as it's trending above $5.36 and then once it sustains a move or close above those
breakout levels with volume that's near or above 76,211 shares. If that breakout triggers soon, then NTWK will have a great chance of trending north of $7 a share. The next major overhead resistance sits at $9.50, but that's a stretch in a short-term timeframe from current levels.