DealerTrack ( TRAK) provides software solutions to automotive retail industry, including dealers, lenders, original equipment manufacturers (OEMs) and agents. The stock is trading up 2% at $28.63 in recent trading. Today's Volume: 2.2 million Average Volume: 337,584 Volume % Change: 767% Shares of TRAK are moving modestly higher on strong volume after the company announced the pricing of a private offering of $175 million of 1.5% senior convertible notes due 2017. From a technical perspective, TRAK is starting to move above its 50-day moving average of $28.27 today on strong volume. Market players should now watch for a big breakout trade to trigger once TRAK takes out $29.35 with volume. A high-volume move above that level will put a recent gap down into play from over $31. Traders should look for long-biased trades in TRAK if it takes out $29.35 with volume that's near or above 337,584 shares.