Openwave Systems

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Openwave Systems ( OPWV) is a software provider delivering mediation and messaging solutions that enable communication service providers, including mobile and broadband operators, to create and deliver services. This stock is trading up 7.9% at $2.45 in recent trading.

Today's Range: $2.30-$2.48

52-Week Range: $1.17-$2.72

Volume: 1.4 million

Three-Month Average Volume: 708,495

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From a technical perspective, OPWV is ripping higher today with big volume right off its 50-day moving average of $2.31. This move is quickly pushing OPWV within range of triggering a near-term breakout trade. That trade will hit once OPWV takes out $2.42 to $2.48 with high volume.

Traders should consider long biased trades on a move and close over $2.42 to $2.48 with volume that's near or well above 708,485 shares. At last check, OPWV has hit a daily high of $2.48. If that breakout triggers soon, look for OPWV to make a run at $2.72 to $3 in the very near future.

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