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5 Stocks Ready to Break Out

LCA-Vision

Another stock that's trending very close to breaking out above some key resistance levels is LCA-Vision (LCAV), a provider of fixed-site laser vision correction services at its LasikPlus vision centers. This stock has moved down a bit during the last six months, with shares off by 12%.

If you look at the chart for LCA-Vision, you'll notice that this stock is bouncing strongly today right off some near-term support at $3 a share with above-average volume. Volume so far this morning has already registered 222,275 shares, which is well above its three-month average volume of 67,534 shares. This move is also starting to push shares of LCAV back above its 50-day moving average at $3.19 a share and its moving it within range of triggering a near-term breakout trade.

Market players should now look for long-biased trades in LCAV if it manages to break out above its 50-day of $3.19 a share and then above some near-term overhead resistance at $3.41 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 67,534 shares. If that breakout triggers soon, then LCAV will set up to re-test or possibly take out its next major overhead resistance levels at $4.10 to its 200-day moving average at $4.37 a share. Any move above $4.37 to $4.60 would then out $5.50 to $6.19 into focus for shares of LCAV.
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SYM TRADE IT LAST %CHG
ZLC $21.02 -0.66%
AMAG $60.91 -6.28%
GERN $3.45 13.11%
IRDM $7.10 2.45%
LCAV $5.37 0.00%

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Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

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