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From a technical perspective, BOSC is bouncing sharply higher here right off its 200-day moving average of $3.04 with lighter-than-average volume. This move is quickly pushing shares of BOSC within range of triggering a major breakout trade. That trade will hit if BOSC manages to take out some near-term overhead resistance levels at its 50-day moving average of $3.52 and then above more resistance at $3.59 to $3.79 with high volume.
Traders should now look for long-biased trades in BOSC as long as it's trending above its 200-day at $3.04, and then once it sustains a move or close above those breakout levels with volume that hits near or above 61,528 shares. If that breakout triggers soon, then BOSC will set up to re-test or possibly take out its next major overhead resistance levels at $4.25 to $5.45.
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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