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Rosetta Genomics(ROSG) develops and commercializes diagnostic tests based on microRNAs. This stock is trading up 6.8% at $12.55 in recent trading.
Today's Volume: 1.5 million
Average Volume: 1 million
Volume % Change: 103%
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From a technical perspective, ROSG is ripping to the upside here with above-average volume. This move is quickly pushing ROSG within range of triggering a near-term
breakout trade. That trade will hit once ROSG takes out some near-term overhead
resistance levels at $13.38 to $17.35 with high volume.
Traders should now look for long-biased trades once ROSG sustains a move or close above those levels with volume that's near or above 1 million shares. I would look to get long once ROSG takes out $13.38 with volume, and then add above $17.35. If we get that action soon, then this stock could possibly re-test and take out its May high of $22.43.
On the flipside, I would avoid ROSG or look for short-biased trades if it fails to trigger that move and then drops below some near-term support at $9.34 with heavy volume.