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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Tech Stocks to Watch for Breakout Trades

Stocks in this article: OTEX BBRY SNCR ACIW RDWR

BlackBerry

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BlackBerry ( BBRY) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. This stock closed up 10.4% to $10.78 in Monday's trading session.

Monday's Volume: 92.69 million
Three-Month Average Volume: 22.71 million
Volume % Change: 301%

Shares of BBRY ripped higher on Monday after the company said it had formed a committee to explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment.

>>2 Tech Stocks Triggering Big Breakouts

From a technical perspective, BBRY gapped sharply higher here and broke out above some near-term overhead resistance levels at $9.88 to $9.93 with heavy upside volume. This move has now pushed shares of BBRY within range of triggering another big breakout trade. That trade will hit if BBRY manages to take out its gap down day high from late June at $10.98 and then once it clears its 50-day moving average at $11.14 with high volume.

Traders should now look for long-biased trades in BBRY as long as it's trending above $10 or $9.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 22.71 million shares. If that breakout hits soon, then BBRY will set up to re-fill some of its previous gap down zone from June that started at $15.09. Some possible upside targets if BBRY gets into that gap with volume are its 200-day at $12.80 to $13.50.

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