SXC Health Solutions

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SXC Health Solutions ( SXCI) is a provider of pharmacy benefit management services and healthcare information technology solutions to the healthcare benefit management industry. This stock is trading up 2.5% at $101.72 in recent trading.

Today's Volume: 971,000

Average Volume: 1.2 million

Volume % Change: 65%.

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From a technical perspective, SXCI is ripping higher here with decent volume. This move has briefly pushed SXCI into breakout territory, since shares bumped above some near-term overhead resistance at $103.97. At last check, SXCI has hit an intraday high of $104.79 and volume is just a bit below its three-month average action of 1.2 million shares.

Traders should now look for long-biased trades if SXCI is trending above $103.97 and its daily high of $104.79 with strong upside volume flows. I would consider any upside volume day that registers near or above 1.2 million shares as bullish. Look for SXCI to sustain a move or close above those levels to signal it wants to go higher.

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