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Zix ( ZIXI) provides email encryption services, primarily in the health care, financial services, insurance and government sectors. This stock is trading up 6.3% to $3.68 in recent trading.

Today's Range: $3.66-$3.75
52-Week Range: $2.38-$3.94
Volume: 250,000
Three-Month Average Volume: 380,279

From a technical perspective, ZIXI is bouncing higher here right above its 50-day moving average of $3.58 with lighter-than-average volume. This stock has been uptrending strong for the last five months, with shares moving higher from its low of $2.50 to its recent high of $3.94. During that move, shares of ZIXI have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ZIXI within range of triggering a near-term breakout trade. That trade will hit if XIXI manages to take out some near-term overhead resistance levels at $3.80 to $3.94 with high volume.

Traders should now look for long-biased trades in ZIXI as long as it's trending above its 50-day at $3.58, and then once it sustains a move or close above those breakout levels with volume that hits near or above 380,279 shares. If that breakout triggers soon, then ZIXI will set up to re-test or possibly take out its next major overhead resistance levels at $4.21 to $4.88.

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