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WYY) is a provider of advanced, federally certified and other customized technology-based products and service solutions to both the government sector and commercial markets. This stock closed up 3.3% to 92 cents per share in Tuesday's trading session.
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From a technical perspective, WYY trended higher here with strong upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of 45 cents per share to its recent high of 94 cents per share. During that move, shares of WYY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of WYY within range of triggering a near-term breakout trade. That trade will hit if WYY manages to take out its 52-week high at 94 cents per share with high volume.
Traders should now look for long-biased trades in WYY as long as it's trending above some key near-term support at 80 cents per share and then once it sustains a move or close above 94 cents per share with volume that hits near or above 140,566 shares. If that breakout triggers soon, then WYY will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $1 to $1.20. Any high-volume move above those levels will then put $1.50 into range for shares of WYY.