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Ansys ( ANSS) develops and globally markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense. This stock is trading up 2.1% at $63.01 in recent trading.

Today's Volume: 509,000

Average Volume: 450,063

Volume % Change: 99%

From a technical perspective, ANSS moving modestly higher here on above average volume. Traders should now look for long-biased trades in ANSS if it can sustain a move or close back above its 50-day moving average of $64.42 with high volume.

Look for volume on that move that's near or well above 450,063 shares. If we get that action soon, then this stock has a great chance of re-testing its May high of $69.34 in the near future.

I would simply avoid any long trades in this stock as long as it's trending below its 50-day moving average.

Ansys shows up on a list of 15 Apple-Like Stocks That Could Bear Similar Fruit.

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