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Acxiom ( ACXM) is engaged in marketing technology and services that enable marketers to manage audiences, personalize consumer experiences and create customer relationships. This stock is trading up 5.3% at $13.98 in recent trading.

Today's Volume: 457,000

Average Volume: 324,097

Volume % Change: 214%

Shares of ACXM are soaring today after news broke Thursday that the company has increased the size of its authorized repurchase plan to $150 million.

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From a technical perspective, ACXM are moving back above its 50-day moving average of $13.88 on above average volume. This move is also pushing ACXM above some near-term overhead resistance at $13.85.

Traders should now look for long-biased trades in ACXM if it can manage to trigger a near-term breakout trade. That trade will hit once it takes out some near-term overhead resistance at $14.27 with high-volume. Look for a sustained move or close above $14.27 with volume that's near or above 324,097 shares. If we get that action soon, then ACXM has a great chance of re-testing its 52-week high of $14.92.

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