Medidata Solutions

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Medidata Solutions ( MDSO) is a provider of software-as-a-service based clinical technology solutions. This stock is trading up 10% at $27.57 in recent trading.

Today's Volume: 431,000

Average Volume: 332,675

Volume % Change: 73%

From a technical perspective, MDSO is starting to trigger a major breakout trade today now that this stock is moving above its previous all-time high of $27.39 with heavy volume. This is an extremely bullish move for MDSO since it means that just about everyone who as ever bought the stock is making money.

Traders should now continue to look for long-biased trades as long as MDSO is trending above $27.39 with strong upside volume flows. It would also be bullish if MDSO can manage to clear near its daily highs today. If we get that action today, then look for MDSO to hit $30 or higher in the near-term.

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