Proto Labs

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Proto Labs ( PRLB) is a manufacturer of custom parts for prototyping and short-run production. This stock closed up 2.7% at $70.50 in Monday's trading session.

Monday's Volume: 785,000
Three-Month Average Volume: 453,827
Volume % Change: 100%

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From a technical perspective, PRLB spiked higher here into new 52-week- and all-time-high territory with above-average volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $39.64 to its new all-time high of $72.08. During that move, shares of PRLB have been making mostly higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in PRLB as long as it's trending above Monday's low o $67.96 and then once it sustains a move or close above its new all-time high of $72.08 with volume that hits near or above 453,827 shares. If we get that move soon, then PRLB will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $75 to $85.

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