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UQM Technologies(UQM - Get Report) is a developer and manufacturer of electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. This stock is trading up 13.1% to $1.28 in recent trading.
Today's Range: $1.16-$1.30
52-Week Range: $0.70-$2.19
Three-Month Average Volume: 105,477
From a technical perspective, UQM is skyrocketing higher here with above-average volume. This move has also started to push UQM back above its 200-day moving average of $1.27, and right around some near-term overhead resistance at $1.30.
Traders should now look for long-biased trades in UQM as long as it's trending above $1.29 to $1.30 with strong upside volume flows. I would consider any upside volume day that registers near or above 105,447 shares as bullish. If UQM can sustain that trend with strong volume, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.90.