Traders should now look for long-biased trades in CECO as long as it's trending above its 50-day at $3.32 and then once it sustains a move or close above those breakout levels with volume that hits near or above 627,145 shares. If that breakout hits soon, then CECO will set up to re-test or possibly take out its next major overhead resistance levels at $4.34 to its 200-day moving average at $4.42. Any high-volume move above its 200-day will then put $5 to $5.50 into range for shares of CECO.
Parametric Sound (PAMT - Get Report) is a sound technology company focused on delivering directed parametric sound solutions to customers primarily in digital signage, point-of-purchase, in-store networks and related markets that benefit from sound that can be focused and controlled in specified locations. This stock is trading up 7.3% to $9.24 in recent trading.
Today's Range: $8.80-$9.5052-Week Range: $3.49-$11.74 Volume: 118,000 Three-Month Average Volume: 55,036 Shares of PAMT are trending up today in front of its quarterly report which is due out after the market close tonight. From a technical perspective, PAMT is ripping higher here right off some near-term support at $8.50 with above-average volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $3.49 to its recent high of $9.57. During that move, shares of PAMT have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PAMT within range of triggering a major breakout trade post-earnings. Traders should now look for long-biased trades in PAMT after it reports earnings if this stock manages to break out above some near-term overhead resistance levels at $9 to $9.57 with high volume. Look for volume on that move that hits near or above its three-month average action of 55,036 shares. If that breakout triggers, then PAMT will set up to re-test or possibly take out its next major overhead resistance levels at $11 to $11.74. To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.