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LightPath Technologies(LPTH) engages in the design, development, manufacture, and distribution of optical components and assemblies in the U.S. and internationally. This stock is trading up 30% to $1.50 in recent trading.
Today's Range: $1.25-$1.60
52-Week Range: $0.85-$2.47
Three-Month Average Volume: 30,771
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From a technical perspective, LPTH is soaring big-time today on above-average volume. This move has pushed the stock back above both its 200-day moving average at $1.48 and its 50-day moving average at $1.52. This monster spike in LPTH has also put the stock within range of triggering a near-term breakout trade. That trade will hit once LPTH takes out some near-term overhead resistance at $1.59 with heavy volume.
Traders should now look for long-biased trades in LPTH if it manages to close above both moving averages and above $1.59 with volume that's near or well above 30,771 shares. If we get that action soon, look for LPTH to make a run at its recent high of $2.20.