Optical Cable Corporation (NASDAQ:OCC) shares are trading higher Monday after the company reported second-quarter earnings today before the market opened.

Optical Cable stock is approaching key resistance levels.

Why did OCC hit a new high?

Q2 Earnings Optical Cable reported earnings per share of 12 cents, up from a loss of 9 cents per share year-over-year.

In addition, it reported revenue of $22.21 million, up from $17.55 million year-over-year.