(VRTU - Get Report)
This is an information technology services company. It uses an offshore delivery model to provide a range of information technology services, including IT consulting, technology implementation and application outsourcing. This stock is trading up 2.5% at $15.58 in recent trading.
Today's Volume: 119,000
Average Volume: 66,394
Volume % Change: 140%
From a technical perspective, VRTU is bouncing higher here right off some near-term support at $15 with above-average volume. This move has started to push VRTU above its 200-day at $15.56 and its quickly moving the stock within range of triggering a major breakout trade. That trade will hit once VRTU manages to take out some near-term overhead resistance levels at $16.07 to its 50-day at $16.21 with high volume.
Traders should now look for long-biased trades in VRTU as long as it's trending above $15, and then once it sustains a move or close above those breakout levels with volume that hits near or above 66,394 shares. If that breakout triggers soon, then VRTU will set up to re-test or possibly take out its next major overhead resistance levels at $17.80 to $18.03.
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.
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