6 Stocks at 52-Week Highs Triggering Breakouts
Micronetics (NOIZ) manufactures microwave and radio frequency components and integrated multi-function subassemblies used in a variety of commercial wireless, defense and aerospace products, including satellite communications, electronic warfare and electronic counter-measures. This stock is trading up 5% at $7.76 in recent trading after hitting a 52-week high of $8.38 earlier in the day.
Today's Range: $7.43-$8.3852-week Range: $3.75-$8.38 Volume: 9,340 Three-Month Average Volume: 11,402 Micronetics has a market cap of $35.84 million and an enterprise value of $40.96 million. The stock trades at a trailing price-to-earnings of 16.35. The current short interest as a percentage of the float for Micronetics is very low at just 0.2%. >>7 Stocks Under $10 Moving Higher From a technical standpoint, this stock triggered a big breakout today once shares cleared some past overhead resistance at $7.40 to $7.42 a share. Once that breakout hit, the stock quickly moved up to a daily high of $8.38 before pulling back to its current price of $7.76. This is a very thinly traded stock with a three-month average volume of only 11,402. Something that trades this thin is not a stock I would play with. That said, if the stock can close over $7.42, then it should setup for higher prices. The next significant overhead resistance level for this stock won't come into play until $10 a share.
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