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ExlService ( EXLS) is a provider of outsourcing and transformation services. The stock is trading up 7% at $28.48 in recent trading.

Today's Volume: 584,000

Average Volume: 150,776

Volume % Change: 419%

Shares of EXLS are surging higher today after the company beat Wall Street EPS estimates by 5 cents, beat on revenues and guided 2012 EPS estimates in-line.

From a technical perspective, EXLS is ripping higher today on heavy volume and breaking out above some past overhead resistance at $27. Market players should continue to look for long biased trades in EXLS as long as it's trending above that key breakout level of $27.

ExlService is one of 7 Top JPMorgan Picks in IT Services.

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