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4 Tech Stocks Spiking on Big Volume

Peregrine Semiconductor

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Peregrine Semiconductor ( PSMI), a fabless provider of high-performance radio frequency integrated circuits, is trading up 5.8% at $10.03 in recent trading.

Today's Volume: 396,000

Average Volume: 157,418

Volume % Change: 279%

>>5 Stocks Under $10 Triggering Breakouts

From a technical perspective, PSMI is soaring higher here right above some near-term support at $9 with above-average volume. This move has also started to push shares of PSMI into breakout territory, since the stock has cleared some near-term overhead resistance levels at $9.73 to around $10. At last check, PSMI has hit an intraday high of $10.24 and volume is well above its three-month average action of 157,418 shares.

Traders should now look for long-biased trades in PSMI as long as it's trending above today's low of $9.58, and then once it sustains a move or close above those breakout levels with volume that hits near or above 157,418 shares. If PSMI can maintain that trend, then this stock will set up to re-fill its previous gap down zone from earlier this month that started just above $11. Some possible upside targets could also be $12 to $13 if that gap gets filled with heavy volume.
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PAMT $0.00 0.00%
PSMI $12.45 0.00%
RKUS $8.31 0.00%
VIPS $10.65 0.00%
AAPL $93.70 0.00%


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