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

Get Adobe Flash player

AeroVironment ( AVAV) is engaged in the design, development, production and support of unmanned aircraft systems and efficient energy systems for various industries and governmental agencies. The stock is trading up 5.3% at $30.29 in recent trading.

Today's Volume: 410,000

Average Volume: 173,032

Volume % Change: 391%

From a technical standpoint, AVAV has started to spike sharply back above its 50-day and 200-day moving averages today on heavy volume.

Traders should watch for AVAV to sustain a high-volume move and close above some near-term overhead resistance at $33.34 to $34.28. If we get that action soon, then AVAV has a chance to make a run at its July high of $36.49.

Look for volume on a move above $33.34 to $34.28 that registers near or above 173,032 shares.

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