Intevac

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

Get Adobe Flash player

Intevac ( IVAC) provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic industry. This stock is trading up 12.2% at $9.05 in recent trading.

Today's Range: $8.66-$9.35

52-Week Range: $6.11-$12.03

Volume: 128,000

Three-Month Average Volume: 78,595

Shares of IVAC are skyrocketing today after Needham & Company reiterated its buy rating on the stock and its $10 price target.

>>6 Tech Stocks That Rate Better Than Apple

From a technical perspective, IVAC is gapping sharply higher here as the stock moves within range of triggering a major breakout trade. That trade will hit once IVAC can manage to sustain a high-volume move or close above some past overhead resistance at $9.25. At last check, IVAC has hit an intraday high of $9.36 on volume that's well above its average action.

Traders should now look for long-biased trades if IVAC is trending above $9.25 with volume that's near or well above 78,595 shares. If we get that action soon, look for IVAC to tag its next significant overhead resistance levels at $10.30 to $11 in the near future.

If you liked this article you might like

4 Stocks Under $10 Making Big Moves

How Debt Can Sink Your Investment

Central European Distribution Stock Hits New 52-Week Low (CEDC)

Central European Distribution's CEO Discusses Q1 2012 Results - Earnings Call Transcript