Star Scientific ( STSI) is a technology-oriented company with a mission to promote maintenance of a healthy metabolism and lifestyle. This stock closed up 6.9% to $1.53 on Thursday.
Thursday's Range: $1.40-$1.53
52-Week Range: $1.15-$5.05
Volume: 1.41 million
Three-Month Average Volume: 1.44 million
52-Week Range: $1.36-$3.45
Three-Month Average Volume: 484,485 From a technical perspective, PSUN spiked modestly higher here right off some near-term support at $3.20 with decent upside volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $1.36 to its recent high of $3.45. During that uptrend, shares of PSUN have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PSUN within range of triggering a major breakout trade. That trade will hit if PSUN manages to clear some near-term overhead resistance levels at $3.42 to its 52-week high at $3.45 with high volume. Traders should now look for long-biased trades in PSUN as long as it's trending above some key near-term support levels at $3.20 to $3.15, and then once it sustains a move or close above those breakout levels with volume that hits near or above 484,485 shares. If that breakout triggers soon, then PSUN will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4 to $4.50, or even $5. 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 Madison, Wis.
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