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Dehaier Medical Systems(DHRM) is engaged in the development and distribution of medical devices. This stock is trading up 12.6% to $2.32 in recent trading.
Today's Range: $2.12-$2.33
52-Week Range: $1.26-$3.95
Three-Month Average Volume: 60,792
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From a technical perspective, DHRM is continuing to trend higher today with above-average volume, after this stock moved back above its 200-day moving average of $2 on Wednesday. This action is quickly pushing DHRM within range of triggering a near-term breakout trade. That trade will hit once DHRM manages to clear some near-term overhead resistance at $2.40 to $2.60 with high volume.
Traders should now look for long-biased trades in DHRM as long as its trending above its 200-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 60,792 shares. If that breakout triggers soon, then look for DHRM to re-test or possibly take out its next significant overhead resistance levels at $2.99 to $3.95.