Novatel Wireless ( NVTL) is a provider of wireless broadband access solutions for the worldwide mobile communications market. This stock closed up 5.5% to $3.63 on Thursday.
Thursday's Range: $3.36-$3.66
52-Week Range: $1.17-$3.71
Three-Month Average Volume: 293,777
52-Week Range: $3.32-$6.75
Three-Month Average Volume: 292,175 >>5 Rocket Stock to Buy in June From a technical perspective, EMKR bounced notably higher here right above some near-term support at $3.34 with decent upside volume. This stock had been downtrending badly for the last four months, with shares dropping from its high of $6.75 to its recent low of $3.32. During that downtrend, shares of EMKR were making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of EMKR have now formed a double bottom chart pattern at $3.32 to $3.34 and the downtrend volatility has stopped. If EMKR can hold that double bottom, then this stock could be setting up for a sharp move higher.
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