Cavium ( CAVM) This company is a provider of semiconductor processors that enable processing for networking, communications, storage, wireless, security, video and connected home and office applications. This stock is trading up 5.6% at $32.47 in recent trading. Today's Volume: 859,000 Average Volume: 860,790 Volume % Change: 56% From a technical perspective, CAVM is bouncing sharply higher here with above-average volume. This move has briefly pushed the stock back above its 50-day moving average of $32.83. At last check, CAVM has hit an intraday high of $33.27 and volume is just starting to surpass its three-month average volume of 860,790 shares. This move is now pushing CAVM within range of triggering a near-term breakout trade. That trade will hit once CAVM manages to take out some near-term overhead resistance level at $33.54 to $34 with high volume. Traders should now look for long-biased trades in CAVM as long as it's trending above its 50-day at $32.83, and then once it sustains a move or close above those breakout levels with volume that hits near or above 860,790 shares. If that breakout triggers soon, then CAVM will set up to re-test or possibly take out its next major overhead resistance levels at $35.78 to $36.61. Any high-volume move above those levels will then put $38.67 into focus for CAVM.