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Deluxe(DLX - Get Report) provides personalized printed items, promotional products and merchandising materials, Web hosting and other Web services, as well as fraud prevention and marketing services. This stock is trading up 5.2% at $41.86 in recent trading.
Today's Volume: 499,000
Average Volume: 386,385
Volume % Change: 130%
>>5 Rocket Stocks to Buy as the S&P Rebounds
From a technical perspective, DLX is ripping higher here right above some near-term support at $39.62 with above-average volume. This move is quickly pushing shares of DLX within range of triggering a major breakout trade. That trade will hit if DLX manages to take out some near-term overhead resistance at $42 to its 52-week high at $42.50 with high volume.
Traders should now look for long-biased trades in DLX as long as it's trending above today's low of $39.92, and then once it sustains a move or close above those breakout levels with volume that hits near or above 386,385 shares. If that breakout hits soon, then DLX will set up to enter new 52-week high territory above $42.50, which is bullish technical price action. Some possible upside targets off that breakout are $45 to $47.