Charles & Colvard
Charles & Colvard (CTHR - Get Report) manufactures, markets and distributes jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. This stock is trading up 15.2% to $3.19 in recent trading.
Today's Range: $2.91-$3.2852-Week Range: $1.58-$3.99 Volume: 186,000 Three-Month Average Volume: 24,942 Shares of CTHR are soaring today after the company said fourth-quarter preliminary net sales increased more than 90% versus the same period last year. From a technical standpoint, CTHR has started to trigger a major breakout today now that this stock has moved above some near-term overhead resistance levels at $2.75 to $2.85 on monster volume. Market players should now look for long biased trades as long as CTHR can close near its daily highs. The next significant overhead resistance level is $3.78 and then $3.99, so look for those levels to get tagged soon as long as CTHR continues to trend above $2.85.