Zagg (ZAGG) designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices. This stock is trading up 4% to $8.72 in recent trading.
Today's Range: $8.35-$8.8052-Week Range: $6.40-$14 Volume: 585,000 Three-Month Average Volume: 842,252 From a technical perspective, ZAGG is moving notably higher here with decent volume. This move is quickly pushing ZAGG within range of triggering a near-term breakout trade. That trade will hit once ZAGG takes out some near-term overhead resistance at $8.90, and once it clears its 50-day at $8.97 with high volume. Traders should now look for long-biased trades in ZAGG once it sustains a move or close above those levels with volume that's near or above 842,252 shares. If that breakout triggers soon, then XAGG will have a great chance of re-testing or possibly taking out its next significant overhead resistance levels at $9.90 to $11. On the flip side, I would avoid ZAGG or look for short-biased trades if it fails to trigger that breakout, and then moves back below some near-term support at $8.15 to $8 with high volume.
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