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Sky-mobi(MOBI) is a mobile application store in China. Sky-mobi operates mobile social games and provides applications and content with social network functions to its registered members. This stock is trading up 7.4% at $4.06 in recent trading.
Today's Range: $3.72-$4.25
52-Week Range: $2.75-$23.25
Three-Month Average Volume: 186,634
technical standpoint, this move in MOBI today is now pushing the stock within range of a major breakout.
Traders should now watch MOBI for long biased trades if the stock can manage to take out $4.19 and then $4.49 on high volume. Look for volume on a sustained move and close above those levels that's near or above 186,634 shares.
If we get that action soon, then look for MOBI to make a run at $5.50 to $6.13, or possibly even its 200-day
moving average of $6.46.
I also featured Sky-mobi ahead of its recent earnings report in "
5 Stocks Set to Soar on Bullish Earnings."