Traders should now look for long-biased trades in GAIA as long as it's trending above $4.20, and then once it sustains a move or close above $4.54 with volume that hits near or above 26,592 shares. If that breakout triggers soon, then GAIA will set up to re-test or possibly take out its next major overhead resistance levels at $5.25 to $6.
Exact Sciences (EXAS) is a molecular diagnostics company whose activities include early detection and prevention of colorectal cancer. This stock is trading up 4% to $9.92 in recent trading.
Today's Range: $9.51-$9.9652-Week Range: $8.87-$12.30 Volume: 584,000 Three-Month Average Volume: 641,600 From a technical perspective, EXAS is bouncing strongly right above some near-term support at $9.31 with decent upside volume. This stock has been downtrending for the last three months, with shares falling from its high of $11.98 to its recent low of $9.31. During that move, shares of EXAS have been mostly making lower highs and lower lows, which is bearish technical price action. That said, shares of EXAS are now rebounding off that $9.31 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if EXAS manages to take out some near-term overhead resistance at $10.22 and then once it clears both its 200-day at $10.46 and its 50-day at $10.62 with high volume. Traders should now look for long-biased trades in EXAS as long as it's trending above today's low of $9.51, and then once it sustains a move or close above those breakout levels with volume that hits near or above 641,600 shares. If that breakout triggers soon, then EXAS will set up to re-test or possibly take out its next major overhead resistance levels at $11 to $11.44. 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.
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