This is an in-vitro diagnostic company, engaged in commercializing a proprietary tear testing platform that enables eye care practitioners to test for highly sensitive and specific biomarkers using nanoliters of tear film. This stock closed up 8.5% to $4.45 in recent trading.
Today's Range: $4.06-$4.55
52-Week Range: $0.98-$4.88Volume: 663,000 Three-Month Average Volume: 134,276 Shares of TEAR ripped to the upside today after the company reported third quarter net revenues of $1.2 million, an increase of 264% from $333,000 for the same period in 2011 and up 69% sequentially from $716,000 in the previous quarter. From a technical perspective, TEAR bounced strongly right off its 50-day moving average of $4.02 with monster upside volume. This move is quickly pushing TEAR within range of triggering a major breakout trade. That trade will hit once TEAR manages to take out some key overhead resistance levels at $4.60 to $4.88 with high volume. Traders should now look for long-biased trades in TEAR as long as it's trending above its 50-day at $4.02, and then once it sustains a move or close above those breakout levels with volume that hits near or above 134,276 shares. If that breakout triggers soon, then TEAR will set up to trend north of $5 in the near future. Some possible upside targets in the short-term are $5.50 to $6.50. Life Partners ( (LPHI) This company is engaged in the secondary market for life insurance known as life settlements. This stock closed up 8.37% to $2.59 in recent trading. Today's Range: $2.34-$2.63 52-Week Range: $1.08-$7.49 Volume: 90,000 Three-Month Average Volume: 534,419 From a technical perspective, LPHI soared higher today right around some near-term support at $2.25 with light volume. This move is quickly pushing LPHI within range of triggering a major breakout trade. That trade will hit once LPHI takes out its 50-day at $2.16 and then once it clears some more near-term overhead resistance levels at $2.69 to $2.78 with high volume. Traders should now look for long-biased trades in LPHI as long as it's trending above its 50-day at $2.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 534,419 shares. If that breakout triggers soon, then LPHI will set up to re-test or possibly take out its nest major overhead resistance levels at $4.12 to $4.50.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV