Amyris (AMRS) is an integrated renewable products company, provides alternatives to a range of petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. This stock is trading up 5.7% to $3.30 in recent trading.
Today's Range: $3.02-$3.4552-Week Range: $1.57-$30.78 Volume: 763,000 Three-Month Average Volume: 644,358 >>5 Stocsk Setting Up to Break Out From a technical perspective, AMRS is showing continued momentum here after the stock took out its 50-day moving average of $2.73 on Monday. Volume so far today is strong as the stock moves within range of trigger a near-term breakout trade. That trade will hit once AMRS takes out some near-term overhead resistance at $3.53 to $3.89 with high-volume. Traders should now look for long-biased trades if AMRS can sustain a move or close above $3.53 to $3.89 with volume that's near or above 644,358 shares. If we get that action soon, then this stock could have substantial upside back towards its next major overhead resistance level at $6 to $6.69. Keep in mind that AMRS will only have a chance of hitting those targets if it maintains a trend above $3.53 to $3.89 with strong upside volume flows.