Ariba

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Ariba ( ARBA) is a provider of collaborative business commerce solutions. Ariba combines software-as-a-service technology with a Web-based community and a global network of trading partners. This stock is trading up 11.4% at $33.10 in recent trading.

Today's Volume: 1,204,000

Average Volume: 895,521

Volume % Change: 190%

This stock is ripping today after Roth Capital upgraded the stock from neutral to buy. Roth said the acquisition of Success Factors ( SFSF) by SAP ( SAP) will increase focus on SaaS names, and it slapped a $36 price target on ARBA.

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From a technical standpoint, this stock is gapping up big today on solid volume. This move in shares of ARBA today have taken the stock back above its 50-day and 200-day moving averages, which is bullish.

Traders should now watch for a sustained move and close above some near-term overhead resistance at $33.43 to $34.20 on high volume. Look for volume that's tracking in close to or above 895,521 shares in the coming days or weeks if we don't get that breakout trigger today.

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