Astrotech (ASTC) is a commercial aerospace company that provides spacecraft payload processing and related services, designs and manufactures space hardware, and commercializes space technologies for use on Earth. This stock is trading up 11.7% at $1.25 in recent trading.
Today's Range: $1.10-$1.2652-Week Range: $0.50-$1.34 Volume: 101,000 Three-Month Average Volume: 72,148 From a technical perspective, ASTC is ripping to the upside here right off its 50-day moving average of $1.12 with above average volume. This move has also pushed ASTC into breakout territory, since the stock has taken out some near-term overhead resistance at $1.15. Traders should now look to play the next major breakout trade for ASTC. That trade will trigger once ASTC takes out some past overhead resistance at $1.34 with high volume. Traders should look for long-biased trades as long as ASTC is trending above $1.15, and then once it takes out $1.34 with volume that's near or above 72,148 shares. If we get that action soon, then ASTC will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $1.56 and then $1.78 to $1.93.
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