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>>4 Big Stocks on Traders' Radars
From a technical perspective, BCOV is bouncing higher here right above some near-term support levels at $7.86 to $7.83 with decent upside volume. This move is quickly pushing shares of BCOV within range of triggering a breakout trade. That trade will hit if BCOV manages to take out some key overhead resistance levels at $8.74 to $8.88 and then once it clears more resistance at $9 with high volume.
Traders should now look for long-biased trades in BCOV as long as it's trending above $7.83 or above its 50-day at $7.26 and then once it sustains a move or close above those breakout levels with volume that hits near or above 381,956 shares. If that breakout triggers soon, then BCOV will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $10.25. Any high-volume move above those levels will then put $11 to $12 into range for shares of BCOV.