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Rare Elements Resources(REE) is a medical technology company. Biolase Technology designs, manufactures and markets dental, cosmetic and surgical lasers and related products. This stock is trading up 9.5% to $7.61 in recent trading.
Today's Range: $7.08-$7.79
52-Week Range: $3.86-$16.55
Volume: 3.3 million
Three-Month Average Volume: 1.6 million
From a technical standpoint, REE has started to trigger a breakout trade today now that this stock is moving above some near-term overhead resistance levels at $7.37 to $7.53 on massive volume. This move now puts REE within range of tagging its 200-day moving average of $8.17.
Market players should continue to look for short-term long biased trades in REE if the stock can manage to close above $7.53 and near its daily highs. I am suggesting short-term trades because the stock just ran from $3.08 to its current level over $7.50.
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.