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TheStreet Open House

3 Tech Stocks With Strong Upside Volume

Parametric Sound

Parametric Sound (PAMT), an audio technology company, designs and markets audio peripherals for video game consoles, personal computers and mobile devices. This stock closed up 3.8% at $15.30 in Tuesday's trading session.

Tuesday's Volume: 308,000
Three-Month Average Volume: 75,127
Volume % Change: 358%

>>5 Stocks Setting Up to Break Out

From a technical perspective, PAMT jumped higher here back above its 200-day moving average of $15.01 with strong upside volume. This stock has been trending sideways for the last month and change, with shares moving between $13.14 on the downside and $16.36 on the upside. Shares of PAMT are now starting to push within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will hit if PAMT manages to take out Tuesday's high of $15.70 and then once it clears more resistance levels at $16.36 to $16.76 with high volume.

Traders should now look for long-biased trades in PAMT as long as it's trending above Tuesday's low of $14.74 and then once it sustains a move or close above those breakout levels with volume that this near or above 75,127 shares. If that breakout hits soon, then PAMT will set up to re-test or possibly take out its next major overhead resistance levels at $18.38 to $20, or even its 52-week high at $22.39.

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