Power-One

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Power-One ( PWER) is a designer and manufacturer of power conversion and power management products, mainly for the communications and server/storage infrastructure equipment, industrial applications, high-end consumer and renewable energy markets. This stock is trading up 3.2% to $4.53 in recent trading.

Today's Range: $4.41-$4.66

52-Week Range: $3.51-$7.16

Volume: 1.69 million

Three-Month Average Volume: 1.77 million

From a technical perspective, PWER is bouncing higher here right above its 50-day moving average of $4.14 with decent volume. This stock has been uptrending for the last month and change, with shares moving higher from a low of $3.71 to its intraday high of $4.65. During that move, shares of PWER have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed PWER within range of triggering a near-term breakout trade, which will hit if PWER manages to clear its 200-day at $4.65 and if it takes out more overhead resistance at $4.96 with high volume.

Traders should now look for long-biased trades in PWER as long as it's trending above its 50-day at $4.14, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.77 million shares. If that breakout triggers soon, then PWER will set up to re-test or possibly take out its next major overhead resistance levels at $5.25 to $5.75.

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