TiVo

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

TiVo ( TIVO) is a developer and provider of software, hardware, and services. The stock is trading up 4% at $11.68 in recent trading.

Today's Volume: 3.6 million

Average Volume: 2.2 million

Volume % Change: 280%

Shares of TiVo are ripping higher today after an article in Barron's made the case that it is undervalued and could be a takeover target. The article said that TIVO could be an attractive buyout target for Google ( GOOG), Microsoft ( MSFT) and others with possible deal price in the mid-$20s.

>>5 Big Stocks to Trade for February Gains

From a technical standpoint, TiVo is gapping up strong today and breaking out above some past overhead resistance at $11.27 to 11.333 on heavy volume.

Market players should now watch for the next breakout to trigger once TiVo takes out $12.65 with volume. Look for volume that's near or above 2,244,710 shares if $12.65 is taken out on a closing basis. If we get that action, then TiVo will have a have a chance to fill a big gap down in price from $17.

If you liked this article you might like

What Happened to American Society Is Happening to the Stock Market, Too: Market Recon

Pandora's New CEO: We Want to 'Nail' This Part of the Music Industry

S&P 500 and Nasdaq Say Goodbye to Record Highs as Energy Disappoints