MobileIron (MOBL) develops and provides an information technology platform for enterprises to secure and manage mobile applications, content and devices. This stock closed up 12.9% to $10.58 in Monday's trading session.
Monday's Volume: 1.49 million
Three-Month Average Volume: 636,573
Volume % Change: 274%
From a technical perspective, MOBL exploded higher here and broke out above some near-term overhead resistance at $9.60 with heavy upside volume flows. This strong push to the upside on Monday is now quickly pushing shares of MOBL within range of triggering an even bigger breakout trade. That trade will hit if MOBL manages to take out Monday's intraday high of $10.79 to some more key overhead resistance levels at $11.11 to its all-time high of $11.74 with high volume.Traders should now look for long-biased trades in MOBL as long as it's trending above $10 or above $9.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 636,573 shares. If that breakout kicks off soon, then MOBL will set up to enter new all-time-high territory above $11.74, which is bullish technical price action. Some possible upside targets off that breakout are $13 to $15. Read More: 10 Stocks Carl Icahn Loves in 2014