Lattice Semiconductor

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Lattice Semiconductor ( LSCC) designs, develops and markets high-performance programmable logic products and related software. This stock is trading up 4.2% to $3.66 in recent trading.

Today's Range: $3.50-$3.79

52-Week Range: $3.17-$7.18

Volume: 3.3 million

Three-Month Average Volume: 1.2 million

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From a technical perspective, LSCC is bouncing here right off some near-term support at $3.46 with monster volume. This move is quickly pushing LSCC within range of triggering a major breakout trade. That trade will hit once LSCC manages to take out some near-term overhead resistance levels at $3.82 to $3.90 with high volume.

Traders should now look for long-biased trades in LSCC once it sustains a move or close above those breakout levels with volume that hits near or above 1.2 million shares. If that breakout triggers soon, then look for LSCC to re-test or possibly take out its next major overhead resistance levels at $4.53 to $4.97.

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