Catamaran ( CTRX) is a provider of pharmacy benefit management services and health care information technology solutions to the healthcare benefit management industry. This stock is trading up 3% at $87.60 in recent trading. Today's Volume: 1.4 million Average Volume: 1.1 million Volume % Change: 50% Shares CTRX are moving notably higher today after the company's second quarter earnings jumped 27%, as acquisitions and new customers helped their revenue grow. But the company lowered its 2012 earnings forecast. From a technical perspective, CTRX is bouncing higher here right off some near-term support at $85 with high volume. At last check, CTRX has hit an intraday high of $92 but it has since then pulled back to its current price of $87.60. Traders should now look to play the next major breakout for CTRX once this stock takes out its 50-day moving average of $92.02 with high volume. Traders should now look for long-biased trades as long as CTRX is trending above today's low of $84.93, and then once it clears $92.02 with high volume. Look for a sustained move or close above $92.02 with volume that's near or above 1,128,410 shares. If we get that action soon, then CTRX will have a great chance of re-testing and taking out its next major overhead resistance levels at $95 to $104.79.