Today's Volume: 2.98 million

Average Volume: 835,052

Volume % Change: 490%

Shares of SSYS are soaring higher here after the company posted a loss for its fourth quarter but beat Wall Street earnings estimates and issued a full-year sales forecast that ranged higher than analysts were expecting.

From a technical perspective, SSYS is gapping sharply higher here back above its 200-day moving average of $64.21 with heavy upside volume. This gap up has at least briefly stopped the stock's downtrend over the last month, which took shares of SSYS lower from $84.10 to $60.20. This move is quickly pushing shares of SSYS within range of triggering a near-term breakout trade. That trade will hit if SSYS takes out its intraday high of $72.69 with high volume.

Traders should now look for long-biased trades in SSYS as long as it's trending above today's low of $67.53, and then once it sustains a move or close above $72.69 with volume that hits near or above 835,052 shares. If that breakout hits soon, then SSYS will set up to re-test or possibly take out its 50-day moving average of $78.08.

OSI Systems

OSI Systems ( OSIS) is engaged in the design and manufacture of electronic systems and components for critical applications. This stock is trading up 3.7% at $59.73 in recent trading.

Today's Volume: 542,000

Average Volume: 242,082

Volume % Change: 181%

From a technical perspective, OSIS is ripping higher here and breaking out above some near-term overhead resistance at $57.87 with above-average volume. This move has also pushed shares of OSIS right into its 50-day moving average of $61.26. At last check, OSIS has hit an intraday high of $61.35 with volume that's well above its three-month average action of 242,082 shares. Shares of OSIS are now starting to move within range of triggering a near-term breakout trade. That trade will hit if OSIS manages to take out its 50-day at $61.26 with high volume.

Traders should now look for long-biased trades in OSIS as long as it's trending above $57.87 and then once it sustains a move or close above its 50-day at $61.26 and at $61.35 with volume that hits near or above 242,082 shares. If that breakout triggers soon, then OSIS will set up to re-test or possibly take out its gap down day high of $64.19. Any high-volume move above $64.19 will then give OSIS a chance to re-fill some of its gap down zone from January that started at $72.

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