On Track Innovations

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

Get Adobe Flash player

On Track Innovations ( OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology. This stock is trading up 10% at $1.61 in recent trading.

Today's Range: $1.48-$1.73

52-Week Range: $1.00-$3.22

Volume: 553,000

Three-Month Average Volume: 107,290

Shares of OTIV are ripping higher today after the company said it has filed a patent infringement lawsuit in the U.S. against mobile service provider T-Mobile.

From a technical perspective, OVTI is flirting with a big breakout trade today now that it's challenging some near-term overhead resistance at $1.62 with heavy volume.

Traders should only look for long biased trades if OVTI can continue to trend above $1.62 with strong volume flows. If we continue to get that action, then look for OVTI to challenge its next significant overhead resistance levels at $1.82 to $2.20 in the near future. I would consider it bullish for future prices of OVTI can close near its daily highs today.

If you liked this article you might like

Insider Trading Alert - OTIV, ARE And PKOH Traded By Insiders

Insider Trading Alert - OTIV, SCOR And SBH Traded By Insiders

5 Stocks Under $10 Set to Soar

3 Stocks Pushing The Consumer Durables Industry Lower

3 Stocks Pushing The Consumer Durables Industry Lower