QLT (QLTI) is a biotechnology company engaged in the development and commercialization of therapies for the eye. This stock is trading up 4.5% at $8.29 in recent trading.
Today's Range: $7.94-$8.3652-Week Range: $5.35-$8.10 Volume: 276,000 Three-Month Average Volume: 188,516 >>5 Biotech Stocks Under $10 Set to Soar From a technical perspective, QLTI is marching to the upside here with strong volume, and the stock has started to break out above some near-term overhead resistance at $8.10. This breakout has pushed QLTI into new 52-week-high territory , which is bullish technical price action. Traders should now look for long-biased trades as long as QLTI maintains its trend over $8.10, and once it triggers its next major breakout trade. That trade will trigger once QLTI takes out some past overhead resistance at $8.87 with high-volume. Look for a sustained move or close over $8.87 with volume that's near or above 188,516 shares. If that breakout triggers soon, then QLTI should easily re-test and possibly trade north of $10.
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