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Landec(LNDC - Get Report) and its subsidiaries design, develop, manufacture and sell polymer products for food and agricultural products, medical devices and licensed partner applications. This stock is trading up 6.9% at $12.82 in recent trading.
Today's Volume: 277,000
Average Volume: 130,508
Volume % Change: 261%
From a technical perspective, LNDC is gapping higher here right above some near-term support at $11.80 with above-average volume. This move has started to push shares of LNDC into breakout territory, since the stock has moved above some near-term overhead resistance at $12.50. This move has also pushed LNDC into new 52-week-high territory, which is bullish technical price action.
Traders should now look for long-biased trades in LNDC as long as it's trending above today's low of $12.22 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 130,508 shares as bullish. If LNDC can maintain that trend, then this stock could possibly hit $14 to $15 in the near future.