Skullcandy

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Skullcandy ( SKUL) develops and distributes headphones and other audio accessories to retailers throughout the U.S. and to distributors in various countries worldwide. This stock is trading up 2.75% at $16.42 in recent trading.

Today's Volume: 646,000

Average Volume: 486,300

Volume % Change: 71%

From a technical perspective, SKUL is moving notably higher here with above average volume. This move is quickly pushing SKUL within range of triggering a near-term breakout trade. That trade will hit once SKUL clears some near-term overhead resistance levels at $16.80 to $17.76 with high volume.

Traders should now look for long-biased trades once SKUL sustains a move or close above those levels with volume that's near or above 486,300 shares. At last check, SKUL has hit an intraday high of $16.75 and volume is tracking in higher than its three-month average action of 486,300 shares. If that breakout triggers soon for SKUL, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance level at $19.75.

I also featured Skullcandy last week in " 5 Stocks Poised for Breakouts."

If you liked this article you might like

Why Alex Rodriguez Is Investing in Billionaires Warren Buffett and Jeff Bezos

Former NY Yankees Slugger Alex Rodriguez Reveals One Juicy Investment Tip

Why I Love Apple, Alphabet, Nvidia and These Other Stocks for September

Have Amazon, Google, Apple and Sony Flooded the Smart Speaker Market?