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Syntroleum(SYNM), along with its subsidiaries, is engaged in the commercialization of its technology to produce synthetic liquid hydrocarbons that are substantially free of contaminants found in hydrocarbon products. This stock is trading up 7.9% at $1.15 in recent trading.
Today's Range: $1.06-$1.29
52-week Range: $0.76-$2.45
Three-Month Average Volume: 409,846
From a technical standpoint, this stock is very close to triggering a big breakout if it can manage to sustain a move and close above $1.28 with high volume. The volume today is very bullish, so traders should now watch for a close over $1.28 in the coming days or weeks.
I would consider it even more bullish if SYNM can trade back above its 200-day
moving average of $1.50 with high volume soon. Any move over $1.50 could easily set this stock up to fill a massive gap down in price from $2 a share back in July.
-- Written by Roberto Pedone in Winderemere, Fla.