Amdocs (NY:DOX) has been moving higher off last week's upgrade from Goldman Sachs, albeit on much lower volume (that's an ideal scenario.) As the stock approaches resistance at $36, look for volume to expand and push the price above that level. The low point of the trend to the breakout is $3.10, giving us a profit target of approximately $39. Keep an eye on this stock as it approaches the resistance level.
Visit our site for a detailed technical chart and full trade description.
<---****HYPERLINK****--->"http://www.submitsuite.com/products/article-submitter.htm">This article was published using Article Submitter