is engaged in the research, development and commercialization of stem cell therapeutics. This stock closed up 1.1% to $1.82 on Thursday.
Thursday's Range: $1.78-$1.85
52-Week Range: $0.59-$2.67
Three-Month Average Volume: 556,110
From a technical perspective, STEM bounced modestly higher here right off its 50-day moving average of $1.76 with lighter-than-average volume. This move is quickly pushing shares of STEM within range of triggering a near-term breakout trade. That trade will hit if STEM manages to take out some near-term overhead resistance levels at $1.84 to $1.88 with high volume.
Traders should now look for long-biased trades in STEM as long as it's trending above its 50-day at $1.76 or some key near-term support at $1.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 556,110 shares. If that breakout hits soon, then STEM will set up to re-test or possibly take out its next major overhead resistance levels at $1.99 to $2.13. Any high-volume move above $2.13 will then put $2.50 into range for shares of STEM.
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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