AuthenTec

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AuthenTec ( AUTH) is a provider of mobile and network security solutions for enterprise, government and consumer markets. This stock is trading up 3.8% at $5.23 in recent trading.

Today's Range: $5.02-$5.34

52-Week Range: $2.23-$5.19

Volume: 989,000

Three-Month Average Volume: 720,746

>>5 Stocks Poised to Pop on Bullish Earnings

From a technical perspective, AUTH is moving notably higher here right off some near-term support at around $5 with heavy volume. This move has pushed AUTH into breakout territory, since this stock has started to move above some near-term overhead resistance at $5.19.

Traders should now look for long-biased trades as long as AUTH is trending above $4.80 to $5.19 with strong upside volume flows. I am using the $4.80 area because that's a level where AUTH has found support at recently, after it gapped through it from $4.60. I would consider any upside volume day that registers near or above 720,746 shares as bullish. If AUTH can maintain a high-volume trend above those levels, then this stock has a great chance of tagging $6 in the near future.

On the flipside, I would avoid this stock if it moves back below $4.80 with high volume.

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