Vocera Communications ( VCRA)

This company provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. It helps its customers to improve patient safety & satisfaction, & increase hospital efficiency & productivity. This stock is trading up 1.8% to $26.88 in recent trading.

Today's Volume: 904,000

Average Volume: 224,695

Volume % Change: 512%

From a technical perspective, VCRA is spiking higher here right above its 50-day moving average at $25.57 and back above its 200-day moving average at $26.56 with high volume. This move is quickly pushing shares of VCRA within range of triggering a breakout trade out of a consolidation chart pattern. That breakout will hit if VCRA manages to take out some near-term overhead resistance levels at $26.97 to $27.41 and then once it takes out more resistance at $27.44 with high volume.

Traders should now look for long-biased trades in VCRA as long as it's trending above its 50-day at $25.57 or its 200-day at $26.56, and then once it sustains a move or close above those breakout levels with volume that hits near or above 224,695 shares. If that breakout triggers soon, then VCRA will set up to re-test or possibly take out its next major overhead resistance levels at $28.52 to $30.30.

If you liked this article you might like

Bank of America Just Topped Warren Buffett's Dividend Benchmark

Bank On It: Biggest U.S. Lenders Pass Fed's Stress Tests

5 Things You Must Know Before the Market Opens Friday

Wall Street's Biggest Banks Score High on First Round of Stress Tests

Here's How to Play New Fed Stress Tests on the 34 Biggest U.S. Banks