Acme Packet

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Acme Packet ( APKT) provides session delivery network solutions, which enable the delivery of voice, video, data and unified communications services and applications across Internet Protocol networks. This stock is trading up 5.9% at $18.94 in recent trading.

Today's Volume: 2.85 million

Average Volume: 2.6 million

Volume % Change: 77%

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From a technical perspective, APKT is ripping higher here with above average volume, and it's started to enter breakout territory above some near-term overhead resistance at $17.96.

Traders should now look for long-biased trades as long as APKT is trending above its 50-day at $17.12 with strong upside volume flows. I would consider any upside volume day that registers near or above 2,638,970 shares as bullish. If APKT can hold this breakout, then this stock has a great chance of re-testing and possibly taking out its next significant overhead resistance levels at $22.41 to $25.

On the flip side, I would avoid this stock or look for short-biased trades if APKT fails to hold this breakout, and then drops back below some major near-term support at $16.30.

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