Average Volume: 137,914
Volume % Change: 517% >>3 Tech Stocks in Breakout Territory From a technical perspective, IPHI ripped higher here right above its 50-day moving average at $10.77 with heavy upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $8.62 to its intraday high of $11.67. During that move, shares of IPHI have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IPHI within range of triggering a major breakout trade. That trade will hit if IPHI manages to take out some past overhead resistance at $12.25 with high volume. Traders should now look for long-biased trades in IPHI as long as it's trending above its 50-day at $10.77 or above more support at $10.60 and then once it sustains a move or close above $12.25 with volume that hits near or above 137,914 shares. If that breakout triggers soon, then IPHI will set up to re-test or possibly take out its next major overhead resistance levels at $14.79 to $15.