Banro ( BAA) is engaged in the exploration and development of four gold properties, which are known as Twangiza, Namoya, Lugushwa and Kamituga. This stock closed up 9% to $1.20 on Thursday.
Thursday's Range: $1.07-$1.22
52-Week Range: $0.95-$5.15
Three-Month Average Volume: 831,969
52-Week Range: $1.53-$2.94
Three-Month Average Volume: 194,861 >>3 Big Stocks on Traders' Radars From a technical perspective, SNMX bounced notably higher here right off its 50-day moving average of $2.05 with lighter-than-average volume. This move pushed shares of SNMX into breakout territory, since the stock cleared some near-term overhead resistance at $2.08. Shares of SNMX are now quickly moving within range of triggering another major breakout trade. That trade will hit if SNMX manages to take out some key overhead resistance levels at $2.24 to $2.39 with high volume. Traders should now look for long-biased trades in SNMX as long as it's trending above its 50-day at $2.05 or above its 200-day at $1.96, and then once it sustains a move or close above those breakout levels with volume that hits near or above 194,861 shares. If that breakout hits soon, then SNMX will set up to re-test or possibly take out its next major overhead resistance levels at $2.70 to $2.82. Any high-volume move above those levels will then put its next major resistance levels at $2.94 to $3.10 into range for shares of SNMX.
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