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AudioCodes = Nice Breakout Chart

|Includes:AudioCodes Ltd. (AUDC)

Shares of AudioCodes Ltd. (NASDAQ:AUDC) are trading sharply higher today on no news. The Israeli IP telephony company was recently highlighted as a potential takeover target by Seeking Alpha contributor, "Worthless Pennies". The company recently beat on both top and bottom lines at their last EPS announcement.

The technical chart shows a stead uptrend with a recent rounded bottom consolidation. A close over $8 would signal a strong run to the alltime high near $14 over the next year or so. Current price is under that level but showing increasing momentum.

Disclosure: I am long AUDC.

Stocks: AUDC