Traders should now look for long-biased trades in NVMI as long as it's trending above $8.88 to $8.80 and then once it sustains a move or close above $9.50 to $9.67 with volume that hits near or above 71,679 shares. If that breakout triggers soon, then NVMI will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $11.50.
is engaged in the development, manufacture and marketing of electronic table games and related products for casinos, cruise lines, racinos, card clubs and lotteries worldwide. This stock closed up 9.5% to $1.38 on Wednesday.
Wednesday's Range: $1.28-$1.39
52-Week Range: $0.61-$1.65
Three-Month Average Volume: 61,613
From a technical perspective, PTEK soared higher here right above its 50-day moving average at $1.19 with lighter-than-average volume. This move is quickly pushing shares of PTEK within range of triggering a near-term breakout trade. That trade will hit if PTEK manages to take out some near-term overhead resistance at $1.44 to $1.50 and then above more resistance at $1.65 with high volume.
Traders should now look for long-biased trades in PTEK as long as it's trending above its 50-day at $1.19 and then once it sustains a move or close above those breakout levels with volume that hits near or above 61,613 shares. If that breakout hits soon, then PTEK will set up to re-test or possibly take out its next major overhead resistance levels at $1.82 to $2. Any high-volume move above those levels will then put $2 to $2.25 into range for shares of PTEK.
To see more stocks that are making notable moves higher today, check out the
Stocks Under $10 Moving Higher
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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