Gulf Resources (GURE) manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals. This stock is trading up 6.7% at $2.69 in recent trading.
Today's Range: $2.64-$2.7752-Week Range: $1.51-$10.09 Volume: 654,000 Three-Month Average Volume: 289,966 From a technical standpoint, GURE has started to trigger a major breakout trade today now that this stock is moving above some near-term overhead resistance at $2.67 and its 200-day moving average of $2.69 on big volume. If GURE can manage to close strong near its daily highs, then market players should continue to look for long biased trades. Some potential upside targets are $3.28 to $3.50, but make sure GURE remains above the 200-day if you play it from the long side.
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