Pacific Sunwear California

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Pacific Sunwear California ( PSUN) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. This stock is trading up 3.5% to $1.48 in recent trading.

Today's Range: $1.39-$1.58

52-Week Range: $1.11-$3.16

Volume: 400,000

Three-Month Average Volume: 497,794

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From a technical perspective, PSUN is moving notably higher here as the stock starts to challenge both its 50-day moving average at $1.49 and its 200-day moving average at $1.58. At last check, PSUN has hit an intraday high of $1.59 and volume is tracking in right below its three-month average action of 497,794 shares.

Traders should now look for long-biased trades if PSUN can manage to move or close back above both its 50-day and 200-day, and then break out above some near-term overhead resistance at $1.65 with heavy volume. Look for volume on that move that's near or above 497,794 shares. If we get that action soon, look for PSUN to tag $1.82 or possibly trend above $2.

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