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GT Advanced Technologies(GTAT), through its subsidiaries, is a global provider of polysilicon production technology and multicrystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry, and sapphire growth systems and material for the light emitting diode and other specialty markets. This stock is trading up 8.7% at $5.04 in recent trading.
Today's Range: $4.62-$5.08
52-Week Range: $3.92-$17.50
Volume: 1.5 million
Three-Month Average Volume: 2.9 million
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technical perspective, GTAT is ripping higher here right off some near-term support at $4.54 with light volume. This move is quickly pushing GTAT within range of triggering a near-term breakout trade. That trade will hit once GTAT takes out some near-term overhead
resistance at $4.97, and then once it clears its 50-day moving average of $5.31 with high volume. At last check, shares of GTAT have tag an intraday high of $5.08 and volume is below its three-month average action of 2,925,570 shares.
Traders should now look for long-biased trades as long as GTAT is above $4.97, and then once it clears $5.31 with volume that's near or above 2,925,570 shares. If we get that action soon, then this stock could possibly trend higher back towards its 200-day moving average of $7.42.