That said, shares of CIA are now rebounding strong off that $9.10 low and quickly moving within range of triggering a near-term breakout trade. That trade will hit if CIA manages to take out its 50-day moving average of $10.23 with high volume.
Traders should now look for long-biased trades in CIA as long as it's trending above its 200-day at $9.78, and then once it sustains a move or close above its 50-day at $10.23 with volume that hits near or above 64,148 shares. If that breakout triggers soon, then CIA will set up to re-test or possibly take out its next major overhead resistance levels at $10.75 to $11.71.
Comstock Mining (LODE) is a gold and silver mining company with extensive, contiguous property in the historic Comstock and Silver City mining districts. This stock is trading up 4.8% to $1.93 in recent trading.Today's Range: $1.80-$1.97 52-Week Range: $1.59-$3.42 Volume: 213,000 Three-Month Average Volume: 191,248 From a technical perspective, LODE is ripping higher here right above some near-term support at $1.75 with above-average volume. This bounce is coming after shares of LODE were downtrending badly for the last four months, with shares plunging from its high of $3.39 to its recent low of $1.71. During that move, shares of LODE were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of LODE are now starting to rebound strong off $1.75 and its quickly moving within range of triggering a major breakout trade. That trade will hit if LODE manages to take out some near-term overhead resistance levels at $1.96 to its 50-day moving average at $2.13 with high volume. Traders should now look for long-biased trades in LODE as long as it's trending above today's low of $1.84, and then once it sustains a move or close above those breakout levels with volume that hits near or above 191,248 shares. If that breakout triggers soon, then LODE will set up to re-test or possibly take out its next major overhead resistance levels at $2.30 to its 200-day moving average of $2.45. Any high-volume move above $2.45 will then put $2.80 to $3 into range for shares of LODE.
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 Plus 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