(VCRA - Get Report)
This company provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. It helps its customers to improve patient safety & satisfaction, & increase hospital efficiency & productivity. This stock is trading up 1.8% to $26.88 in recent trading.
Today's Volume: 904,000
Average Volume: 224,695
Volume % Change: 512%
From a technical perspective, VCRA is spiking higher here right above its 50-day moving average at $25.57 and back above its 200-day moving average at $26.56 with high volume. This move is quickly pushing shares of VCRA within range of triggering a breakout trade out of a consolidation chart pattern. That breakout will hit if VCRA manages to take out some near-term overhead resistance levels at $26.97 to $27.41 and then once it takes out more resistance at $27.44 with high volume.
Traders should now look for long-biased trades in VCRA as long as it's trending above its 50-day at $25.57 or its 200-day at $26.56, and then once it sustains a move or close above those breakout levels with volume that hits near or above 224,695 shares. If that breakout triggers soon, then VCRA will set up to re-test or possibly take out its next major overhead resistance levels at $28.52 to $30.30.