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Biolase Technology(BLTI) is a medical technology company. Biolase Technology designs, manufactures and markets dental, cosmetic and surgical lasers and related products. This stock is trading up 13.7% to $3.24 in recent trading.
Today's Range: $3.08-$3.34
52-week Range: $2.14-$6.85
Three-Month Average Volume: 228,902
From a technical standpoint, BLTI has started to trigger a big breakout trade today now that this stock is clearing some near-term overhead resistance levels at $2.87 to $3.09 on strong volume. At last check, this stock hit $3.40 at the highs of the day, which is very close to the next big overheard resistance level of $3.51.
Traders should now watch for BLTI to sustain a high-volume move or close over $3.51 to signal that this stock wants to re-test its 200-day moving average of $3.80. Look for volume on a move over $3.51 that's near or above 228,902 shares. Any move then over $3.81 and the last key overhead resistance levels around $3.89 should be considered very bullish for BLTI.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.