Aurizon Mines Ltd. (AMEX: AZK), a gold producer with operations and development activities in the Abitibi region of north-western Quebec, is seeing a huge rally in mid-day trading today. At last check, AZK was trading 34.39% higher at $4.65 on volume of 2.56 million, which is nearly four times the daily average volume of 703,081.
AZK has broken through some key technical indicators as a result of the sharp rise in trading today. While it is not clear what sparked the rally in AZK, technical indicators suggest that the rally could continue. AZK could face resistance at around $4.80. If the stock breaks through this level then the next resistance level will be at $5.
Comverse Technology Inc. (NASDAQ: CMVT), a provider of software-based products systems and related services for wireless, is soaring in mid-day trading today. At last check, CMVT was trading 6.17% higher at $4.30 on volume of 6.50 million, which is more than two times the daily average volume of 2.58 million. CMVY has gained more than 8% in the last three trading sessions.
CMVT has had an excellent run over the last two months. The stock has seen a series of higher highs in the period. In the last one month, the stock has gained nearly 21%. Technical indicators for the stock point to further gains. CMVT could continue to rise before facing resistance at around $5.
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