TiVo Inc. (NASDAQ:TIVO) broke a bull flag higher this week with rising volumes after consolidating for two weeks. $9.95 is an important resistance that once broken will set off a huge run up in TIVO shares, the 1st target would be $11 which is the highs of May.

Look at the Technical Chart :

- The volumes on this stock are up as seen in the accumulation distribution chart
- The MACD is rising and still in the positive zone.
- The RSI is still not showing the stock as expensive
- The stock is comfortably above the 50 and 20 day moving averages.
- The volume chart from CMF has been on an upside, more buying than selling pressure.

- The stock now has technical momentum and a positive trend on its side.

At this point and given the current stock's technical factors, the Bulls definitely have something to be excited about. There is a lot of room on the upside. In addition, the short interest ratio is 7.3 which could be a positive catalyst if this rally continues. Support is 8.72. Resistances is 9.95.