Nanosphere (NSPH) is engaged in developing, manufacturing and marketing of molecular diagnostics platform, the Verigene System, which enables sensitive genomic and protein testing on a single platform, including both genomic and protein assays, from a single sample. This stock is trading up 9.4% at $2.09 in recent trading.
Today's Range: $1.85-$2.1952-Week Range: $0.89-$2.41 Volume: 934,000 Three-Month Average Volume: 220,906 From a technical perspective, NSPH is soaring higher here with monster volume. This move has started to push NSPH within range of triggering a major breakout trade. That trade will hit once NSPH takes out some past overhead resistance at $2.17 to $2.21 with high-volume. Traders should now look for long-biased trades once NSPH sustains a move or close above those levels with volume that's near or above 220,906 shares. At last check, NPSH has hit an intraday high of $2.19 and volume is well above its three-month average action. If that breakout triggers soon, then NSPH has a great chance to re-test and possibly take out its next major overhead resistance levels at $2.41 to $2.69. If those levels are then taken out with volume, NPSH should trade up towards $3 to $3.50. I also featured Nanosphere recently in " 5 Stocks Insiders Love Right Now."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts