KiOR (KIOR) is a development- stage company. KiOR is a renewable fuels company, which has developed a technology platform to convert non-food biomass into hydrocarbon-based oil. This stock is trading up 6% at $11.92 in recent trading.
Today's Volume: 136,000Average Volume: 117,277 Volume % Change: 125% From a technical perspective, KIOR is following through strong today after recently breaking out above some near-term overhead resistance at $9.59, and moving back above its 50-day moving average of $10.66 with strong volume. This move is quickly pushing KIOR within range of triggering another big breakout trade. That trade will trigger once KIOR takes out $13.15 to $13.50 with high-volume. This stock has a good chance of hitting near those levels soon, so watch for that breakout if it happens. Look for volume on a move over $13.15 to $13.50 that registers near or well above 117,277 shares. KiOR was featured in "7 Undervalued IPO Stocks That Could Rebound in 2012."
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