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3 Tech Stocks Ripping Higher With Volume

Linear Technology

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Linear Technology (LLTC - Get Report) designs, manufactures and markets a line of linear analog integrated circuits for companies worldwide. This stock is trading up 3.3% at $32.90 in recent trading.

Today's Volume: 3.1 million

Average Volume: 1.9 million

Volume % Change: 180%

>>8 Big Tech Stocks Leading the Market

From a technical perspective, LLTC is trending notably higher here back above its 50-day moving average of $32.58 with above-average volume. This move is quickly pushing LLTC within range of challenging its 52-week high at $34.50.

Traders should now look for long-biased traders in LLTC as long as it's trending above its 50-day at $32.58 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average volume of 1.9 million shares as bullish. IF LLTC can maintain that trend, then this stock will setup to re-test or possible take out its 52-week high of $34.50 in the near future.
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