Landec

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

Get Adobe Flash player

Landec ( LNDC) and its subsidiaries design, develop, manufacture and sell polymer products for food and agricultural products, medical devices and licensed partner applications. This stock is trading up 6.9% at $12.82 in recent trading.

Today's Volume: 277,000

Average Volume: 130,508

Volume % Change: 261%

From a technical perspective, LNDC is gapping higher here right above some near-term support at $11.80 with above-average volume. This move has started to push shares of LNDC into breakout territory, since the stock has moved above some near-term overhead resistance at $12.50. This move has also pushed LNDC into new 52-week-high territory, which is bullish technical price action.

Traders should now look for long-biased trades in LNDC as long as it's trending above today's low of $12.22 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 130,508 shares as bullish. If LNDC can maintain that trend, then this stock could possibly hit $14 to $15 in the near future.

If you liked this article you might like

Chesapeake Energy, Priceline, Schlumberger, ZELTIQ : 'Mad Money' Lightning Round

Why These Market Gains Are More Powerful Than Trump: Cramer's 'Mad Money' Recap (Monday 2/13/17)

3 Buy-Rated Dividend Stocks To Check Out: CHSP, MCY, SEP

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCY

Analysts' Actions -- Boeing, Joy Global, Salesforce, Microsoft and More