This company develops, manufactures and sells biological testing technologies and products with applications throughout the life sciences and diagnostics industries. This stock is up 7.8% at $23.23 in recent trading.
Today's Volume: 622,000
Average Volume: 227,414
Volume % Change: 210%
From a technical perspective, LMNX is soaring here with monster volume, and the stock has started to flirt with its 50-day moving average of $23.36. At last check, LMNX has hit an intraday high of $23.44 and volume is well above its three-month average action of 227,414 shares. Traders should continue looking for long-biased trades, as long as LMNX is trending above its 50-day, and if it can manage to take out some near-term overhead resistance at $24.05 with high-volume.
Look for a sustained move or close above those levels with volume that's near or above 227,414 shares. If we get that action soon, look for LMNX to revisit and possibly take out its April high of $25.16.
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-- Written by Roberto Pedone in Windermere, Fla., .
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