LogMeIn ( LOGM) is a provider of on-demand, remote-connectivity, and support solutions to small and medium-sized businesses, information technology service providers, mobile carriers and consumers. The stock is trading up 2.5% at $34.78 in recent trading. Today's Volume: 321,000 Average Volume: 244,090 Volume % Change: 106% >>3 Tech Stocks With More Upside for 2012 From a technical perspective, LOGM is spiking modestly today off some near-term support at $33.45 with decent volume. Traders should continue to look for long biased trades as long as LOGM is trending above $33.45, and for a more bullish signal look for the stock to close near today's high of $35.17. If we get that action today, then look for LOGM to make a run at its 200-day moving average of $36.84 in the near future. I would simply avoid any long trades if LOGM breaks back below that near-term support of $33.45.
Cost Plus (Nasdaq:CPWM) hit a new 52-week high Friday as it is currently trading at $21.99, above its previous 52-week high of $21.97 with 584,014 shares traded as of 3:19 p.m. ET. Average volume has been 696,600 shares over the past 30 days.