IFON~~ The Street's short term target 5.50 doll

Infosonics (IFON) designs, develops, manufactures, and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, dealer agents, resellers, and original equipment manufacturers. This stock closed up 1.6% to $4.33 in Thursday's trading session.

Thursday's Range: $4.11-$4.48
52-Week Range: $0.38-$4.58
Thursday's Volume: 463,000
Three-Month Average Volume: 864,992

From a technical perspective, IFON trended modestly higher here with lighter-than-average volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of 66 cents per share to its recent high of $4.58. During that uptrend, shares of IFON have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in IFON as long as it's trending above near-term support levels at $4 or at $3.67 and then once it sustains a move or close above its 52-week high of $4.58 with volume that hits near or above 864,992 shares. If that breakout triggers soon, then IFON will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $5 to $5.50