Average Volume: 94,276
Volume % Change: 154% >>Fight Your Urge to Fight the Fed From a technical perspective, MATW is trending higher here right above its 50-day moving average at $33.87 with above-average volume. This move is quickly pushing shares of MATW within range of triggering a near-term breakout trade. That trade will hit if MATW manages to take out some near-term overhead resistance levels at $34.99 to $35.31 with high volume. At last check, MATW has hit an intraday high of $35.10, and volume has surpassed its three-month average action of 94,276 shares. Traders should now look for long-biased trades in MATW as long as it's trending above its 50-day at $33.87 and then once it sustains a move or close above those breakout levels with volume that hits near or above 94,276 shares. If that breakout hits soon, then MATW will set up to enter new 52-week-high territory above $35.31, which is bullish technical price action. Some possible upside targets off that breakout are $37 to $38. Broadcom Broadcom ( BRCM) is a technology innovator and provider of semiconductors for wired and wireless communications. This stock is trading up 6.6% at $35.17 in recent trading. Today's Volume: 8.84 million
Average Volume: 7.49 million
Volume % Change: 147% >>4 Tech Stocks Under $10 Ripping Higher Shares of BRCM are soaring higher today after RW Baird said the company reported significant first-quarter growth, but it does not believe it is fully reflected in its valuation. The firm expects growth to continue driven by a looming set top box upgrade cycle, a new product cycle in 3G, and its leadership in connectivity market shares. RW Baird has an outperform rating on the stock and it raised its price target to $40 from $38. From a technical perspective, BRCM is gapping sharply higher here back above both its 200-day at $33.48 and its 50-day at $33.97 with above-average volume. This move is quickly pushing shares of BRCM within range of triggering a major breakout trade. That trade will hit if BRCM manages to take out some near-term overhead resistance levels at $35.32 to $35.38 with high volume.