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Concur Technologies(CNQR) is a global provider of solutions uniting online travel procurement with automated expense reporting. This stock is trading up 3.5% at $68.11 in recent trading.
Today's Volume: 1.09 million
Average Volume: 475,619
Volume % Change: 225%
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From a technical perspective, CNQR is ripping higher here right off some near-term support at $64 with above-average volume. This move has pushed shares of CNQR out of its recent downtrend, and it's quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit if CNQR manages to take out its 50-day and 200-day moving averages at $68.62 and then once it clears $69 with high volume.
Traders should now look for long-biased trades in CNQR as long as it's trending above $67 and then once it sustains a move or close above those breakout levels with volume that hits near or above 475,619 shares. If that breakout hits soon, then CNQR will set up to re-test or possibly take out its next major overhead resistance levels at $72 to $72.50.