SEI Investments

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SEI Investments ( SEIC) is a provider of investment processing, fund processing and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors and affluent families create and manage wealth. This stock is trading up 3.9% at $29.84 in recent trading.

Today's Volume: 1.27 million
Average Volume: 743,775
Volume % Change: 230%

>>3 Big Stocks on Traders' Radars

From a technical perspective, SEIC is surging higher here back above its 50-day moving average of $29.01 with above-average volume. This move is quickly pushing shares of SEIC within range of triggering a near-term breakout trade. That trade will hit if SEIC manages to take out some near-term overhead resistance levels at $30.13 to its 52-week high at $31.07 with high volume.

Traders should now look for long-biased trades in SEIC as long as it's trending above its 50-day at $29.01, and then once it sustains a move or close above those breakout levels with volume that hits near or above 743,775 shares. If that breakout triggers soon, then SEIC will set up to enter new 52-week high territory above $31.07, which is bullish technical price action. Some possible upside targets off that breakout are $35 to $37.

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