Thompson Creek Metals
Today's Range: $2.62-$2.7552-Week Range: $2.25-$9.50 Volume: 1.6 million Three-Month Average Volume: 2.7 million >>7 Oversold Stocks Ready to Bounce From a technical perspective, TC is trending sharply higher here with decent volume. This move is quickly pushing TC within range of triggering a major breakout trade. That trade will trigger once TC breaks out above its 50-day moving average of $2.89, and then above some near-term overhead resistance at $2.92 with high volume. Traders should now look for long-biased trades once TC sustains a move or close above those levels with volume that's near or above 2.7 million shares. If that breakout triggers soon, then look for TC to make a sharp move back towards its next significant overhead resistance levels at $3.55 to $4. Traders should keep in mind that TC is going to need to sustain a trend above its 50-day to have any chance of hitting those targets in the near future.
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