Key Tronic ( KTCC), along with its subsidiaries, is engaged in electronic manufacturing services for original equipment manufacturers, and also manufactures keyboards and other input devices. This stock is trading up 14% at $13.00 in recent trading. Today's Volume: 400,000 Average Volume: 118,826 Volume % Change: 480% >>3 Tech Stocks to Buy on a Pullback Shares of KTCC are ripping higher today after it reported third-quarter EPS of 32 cents per share, versus 7 cents per share reported last year. Revenue for the quarter came in at $95.5 million from $63.4 million last year. The company sees fourth quarter EPS of 31 to 37 cents per share and revenues of $93 to $98 million. From a technical perspective, KTCC is ripping higher here on monster volume, and this move has pushed the stock into breakout territory since its trending above some near-term overhead resistance at $11.90 to $12. Traders should continue to look for long-biased trades in KTCC if it can manage to close near its daily highs today, and continue to trend above $12. If we continue to see that action, then look for KTCC to make a run at tagging its next significant overhead resistance level at $17.50 in the near future.
Shares of Key Tronic Corporation (Nasdaq:KTCC) have taken a tremendous swing upward. The stock is trading at $7.92 as of 9:30 a.m. ET, 27% above Tuesday's closing price of $6.24. Volume is at 49,619, 1.6 times the daily average of 30,400.