EnteroMedics ( ETRM) is a development-stage medical device company engaged in the design and development of devices that use neuroblocking technology to treat obesity, its associated co-morbidities and other gastrointestinal disorders. This stock closed up 7.6% to $1.12 in Tuesday's trading session.
Tuesday's Range: $1.02-$1.13
52-Week Range: $0.81-$4.14
Tuesday's Volume: 735,000
Three-Month Average Volume: 698,086
52-Week Range: $3.10-$10.37
Tuesday's Volume: 244,000
Three-Month Average Volume: 87,460 >>3 Hot Stocks to Trade (or Not) From a technical perspective, CRTX spiked sharply higher here back above its 50-day moving average of $8.68 with heavy upside volume. This move also pushed shares of CRTX into breakout territory, since the stock took out some near-term overhead resistance levels at $8.35 to $8.95. Traders should now look for long-biased trades in CRTX as long as it's trending above its 50-day at $8.68 or above that breakout level of $8.35 and then once it sustains a move or close above Tuesday's high of $9.20 with volume that hits near or above 87,460 shares. If we get that move soon, then CRTX will set up to re-test or possibly take out its next major overhead resistance levels at $10 to its 52-wek high at $10.37. Any high-volume move above those levels will then give CRTX a chance to tag $11 to $12.
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