Traders should now look for long-biased trades in BGMD as long as it's trending above some key near-term support levels at $1.60 to $1.56 and then once it sustains a move or close above those breakout levels with volume that hits near or above 255,357 shares. If that breakout triggers soon, then BGMD will set up to re-test or possibly take out its next major overhead resistance levels at $2.30 to $2.53. Any high-volume move above $2.53 will then put its 200-day at $2.69 to $3 into range for shares of BGMD.
Synergy Resources (
SYRG) is an exploration stage company engaged in oil and gas acquisitions, exploration, development and production activities. This stock closed up 4.4% to $6.80 on Tuesday.
Tuesday's Range: $6.54-$6.80
52-Week Range: $2.40-$7.78
Three-Month Average Volume: 254,095
From a technical perspective, SYRG bounced higher here right above some near-term support at $6.37 with lighter-than-average volume. This stock has been finding buying interest over the last month and change, each time it's pulled back near $6.20. Shares of SYRG are now quickly moving within range of triggering a near-term breakout trade. That trade will hit if SYRG manages to take out its 50-day at $6.85 and then once it clears some more near-term overhead resistance levels at $6.80 to $7 with high volume.
Traders should now look for long-biased trades in SYRG as long as it's trending above its 50-day at $6.84 or above some key near-term support at $6.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 254,095 shares. If that breakout triggers soon, then SYRG will set up to re-test or possibly take out its next major overhead resistance levels at $7.53 to $7.78. Any high-volume move above $7.78 will then push shares of SYRG into new 52-week high territory, which is bullish technical price action.
) develops BACcel system, planned for rapid diagnosis in life-threatening bacterial infections. It has also developed and out-licensed OptiChem surface coatings for use in microarraying components. This stock closed up 7.7% to $8.24 on Tuesday.