MagicJack VocalTec (CALL) provides voice over Internet protocol services in the U.S. This stock closed up 18.1% at $16.25 in Monday's trading session.
Monday's Volume: 2.29 million
Three-Month Average Volume: 464,587
Volume % Change: 432%
From a technical perspective, CALL skyrocketed higher here back above its 200-day moving average of $13.95 with monster upside volume. This super-spike also pushed shares of CALL into breakout territory, since the stock took out some near-term overhead resistance at $15.23. Shares of CALL are now quickly moving within range of triggering another big breakout trade. That trade will hit if CALL manages to take out Monday's high of $16.30 to some past overhead resistance at $16.57 with high volume.
Traders should now look for long-biased trades in CALL as long as it's trending above Monday's low of $14.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 464.587 shares. If that breakout hits soon, then CALL will set up to re-test or possibly take out its next major overhead resistance levels at $19.28 to $20, or even $21.