TearLab (TEAR) is an in-vitro diagnostic company. TearLab is commercializing a tear testing platform, the TearLab Osmolarity System that enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. This stock is trading up 11% at $3.00 in recent trading.
Today's Range: $2.70-$3.1652-Week Range: $0.78-$3.14 Volume: 389,000 Three-Month Average Volume: 154,143 From a technical perspective, TEAR is ripping higher today on strong volume, and is now trading within range of triggering a major breakout. Traders should now watch for a sustained high-volume move and close above some near-term overhead resistance at $3.14 to trigger that breakout. Look for volume on that move that's near or well above 154,143 shares. If we get that action soon, traders should continue to look for long biased trades in TEAR. Keep in mind that the next significant overhead resistance level is at $3.25, so any high-volume move above that level will also lead to more upside. Follow @stockpickr
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