Concur Technologies

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Concur Technologies ( CNQR) is a global provider of on-demand employee spend management solutions. The company's software solutions enable organizations to control costs by automating the processes used to manage employee spending. The stock is trading up 11% at $52.20 in recent trading.

Today's Volume: 2,035,000

Average Volume: 528,960

Volume % Change: 662%

From a technical standpoint, this stock is starting to break out above some past overhead at $52.71 on huge volume. Market players should now watch for a sustained high-volume move and close above $52.71 to signal that this stock wants to go higher.

The volume is already there today, so look for a close over $52.71. If we get that action, then I expect this stock to re-test its May high of $58.19.

Concur was featured last month in " 5 Tech Stocks That Could Surge."

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