Standard Register Co. (SR) shows signs of a major breakout

Standard Register Co. (NYSE: SR) has spiralled by almost 13% on Monday by mid-day trades to 52 week high on high volumes.
Standard Register Co. (SR) is showing strength after signing a a multi-year agreement with Novation, the Texas-based contracting services company for VHA Inc., University HealthSystem Consortium (UHC) and Provista, LLC.
SR is shown signals of a major breakout, and is likely to move up further in days ahead.