Smart Balance (SMBL) is a marketer of functional food products in the U.S. and Canada under the Smart Balance, Earth Balance and Bestlife. This stock is trading up 6.5% at $7.77 in recent trading.
Today's Range: $7.32-$7.9852-Week Range: $4.47-$7.50 Volume: 574,000 Three-Month Average Volume: 338,267 >>3 Hot Stocks to Survive Summer From a technical perspective, SMBL is ripping higher here on above-average volume. This move today has now pushed SMBL into breakout territory since the stock has moved above some near-term overhead resistance at $7.49 with high volume. At last check, SMBL has hit an intraday high of $7.99, and volume is well above its three-month average action. Traders should continue to look for long-biased trades as long as SMBL is trending above its breakout levels of $7.05 to $7.49 with strong upside volume flows. I would consider any upside volume days near or above 338,267 shares with the stock above those breakout levels as bullish.
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