This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Conceptus(CPTS) designs, develops, markets and promotes solutions in women's health care. Conceptus' flagship product is the Essure permanent birth control procedure, which is the non-surgical permanent birth control system. This stock is trading up 5.4% at $19.60 in recent trading.
Today's Volume: 545,000
Average Volume: 283,574
Volume % Change: 268%
From a technical perspective, CPTS is gapping up sharply here back above its 50-day moving average of $18.92 with heavy volume. This move is quickly pushing the stock within range of triggering a major near-term breakout trade. That trade will hit once CPTS takes out some near-term overhead resistance levels at 20.62 to $20.65 with high volume.
Traders should now look for long-biased trades in CPST if it can sustain a trend above its recent low of $18.29, and then trigger that breakout with high volume. Look for volume on that move that hits near or above its three-month average action of 283,574 shares. If we get that action soon, then this stock has an excellent chance to hit $23 to $25 in the near future.