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OCZ Technology Group(OCZ) provides solid state drives and memory modules for computing devices and systems. This stock is trading up 6.8% to $3.28 in recent trading.
Today's Range: $2.97-$3.29
52-Week Range: $3.00-$10.05
Volume: 1.7 million
Three-Month Average Volume: 4.8 million
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From a technical perspective, OCZ is bouncing sharply higher here right near some recent support levels at $3.03 to $3.04 with lighter volume. This move is quickly pushing OCZ within range of triggering a near-term breakout trade. That trade will hit once OCZ manages to take out some near-term overhead resistance levels at $3.35 to $3.39 with high volume.
Traders should now look for long-biased trades as long as OCZ is trending above $3, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.8 million shares. If that breakout triggers soon, then OCZ will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $3.70 to $4.42.