Metabolix (MBLX) is a bioscience company focused on bringing environmentally friendly solutions to the plastics, chemicals and energy industries. This stock is trading up 4.2% at $3.39 in recent trading.
Today's Range: $3.28-$3.4752-Week Range: $2.34-$10.95 Volume: 82,000 Three-Month Average Volume: 486,718 From a technical perspective, MBLX has started to flirt with a major breakout trade today now that this stock is challenging some near-term overhead resistance at $3.43. At last check, the volume is extremely light but the stock has hit a daily high of $3.47. Traders should look for long-biased trades as long as MBLX is trending above $3.43 and above its daily high of $3.47 with strong upside volume flows. This breakout could be a major one if it hits because it will push MBLX into a gap zone from when the stock gapped down in January from $6 to $2.50 with heavy volume.
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