Federal SignalFederal Signal ( FSS) designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. This stock is trading up 5.9% to $8.00 in recent trading. Today's Range: $7.61-$8.18 52-Week Range: $4.47-$8.63 Volume: 195,000 Three-Month Average Volume: 218,200 From a technical perspective, FSS is spiking higher here back above its 50-day moving average of $7.92 with decent upside volume. This move is quickly pushing shares of FSS within range of triggering a major breakout trade. That trade will hit if FSS manages to take out some near-term overhead resistance levels at $8.35 to $8.63 with high volume. Traders should now look for long-biased trades in FSS as long as it's trending above its 50-day at $7.92, and then once it sustains a move or close above those breakout levels with volume that hits near or above 218,200 shares. If that breakout triggers soon, then FSS will set up to enter new 52-week high territory above $8.63, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $12. Peregrine SemiconductorPeregrine Semiconductor ( PSMI) is a fabless provider of high performance radio frequency integrated circuits or RFICs. This stock is trading up 6.9% to $9.40 in recent trading. Today's Range: $8.99-$9.47 52-Week Range: $8.25-$19.47 Volume: 294,000 Three-Month Average Volume: 207,543 From a technical perspective, PSMI is trending higher here right above some near-term support at $8.71 with above-average volume. This stock has been trending sideways for the last two months, with shares moving between $8.25 on the downside and $10.39 on the upside. This spike today is quickly pushing shares of PSMI within range of triggering a near-term breakout trade. That trade will hit if PSMI manages to clear some near-term overhead resistance at $9.38 with high volume. At last check, PSMI has hit an intraday high of $9.47 and volume is well above its three-month average action of 207,543 shares. Traders should now look for long-biased trades in PSMI as long as it's trending above $8.71 and then once it sustains a move or close above $9.38 with volume that hits near or above 207,543 shares. If that breakout triggers soon, then PSMI will set up to re-test or possibly take out its next major overhead resistance levels at $10.38 to its 50-day moving average at $11.14. Any high-volume move above $11.14 will then put $12 to $13 into range for shares of PSMI.