Semiconductor Manufacturing International
Semiconductor Manufacturing International (SMI) is an advanced foundry in Mainland China, providing integrated circuit foundry and technology services at 0.35-micron to 40-nanometer. This stock is trading up 5.1% to $2.85 in recent trading.
Today's Range: $2.83-$2.89
52-Week Range: $1.47-$3.42Volume: 140,000 Three-Month Average Volume: 193,402 From a technical perspective, SMI is bouncing higher here right above some near-term support at $2.71 with decent upside volume. This move is quickly pushing shares of SMI within range of triggering a major breakout trade. That trade will hit if SMI manages to take out some near-term overhead resistance levels at its 50-day moving average of $2.92 and then above more resistance levels at $2.96 to $3.10 with high volume. Traders should now look for long-biased trades in SMI as long as it's trending above $2.71, and then once it sustains a move or close above those breakout levels with volume that hits near or above 193,402 shares. If that breakout hits soon, then SMI will set up to re-test or possibly take out its next major overhead resistance level at $3.42. 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.
Twitter and become a fan on Facebook.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts