PhotoMedex (PHMD) provides integrated disease management and aesthetic solutions through laser and light-based devices and science-based skincare products. This stock is trading up 4% at $15.40 in recent trading.
Today's Volume: 120,000Average Volume: 54,122 Volume % Change: 213% >>5 Stocks Setting Up to Break Out From a technical perspective, PHMD is ripping higher here and it's triggering a near-term breakout above some overhead resistance at $15.11 on heavy volume. Traders should continue to look for long-biased trades in PHMD as long as it's trending above $15.11 with strong upside volume flows, and if it closes near its daily highs. I would consider any upside volume that's near or well above 54,122 shares as bullish. If we get a strong close today, then look for PHMD to continue its uptrend towards its next significant overhead resistance level at $16.81 in the near future.
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