52-Week Range: $7.44-$12.83
Thursday's Volume: 85,000
Three-Month Average Volume: 137,065 From a technical perspective, SMA trended modestly higher here with lighter-than-average volume. This stock has been trending sideways and consolidating for the last month and change, with shares moving between $7.76 on the downside and $8.54 on the upside. Shares of SMA are starting to trend within range of its 50-day moving average at $8.33 and within range of triggering a breakout trade. That trade will hit if SMA manages to take out the upper-end of its recent range at $8.48 to $8.54 with high volume. Traders should now look for long-biased trades in SMA as long as it's trending above some key near-term support levels at $7.90 or at $7.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 137,065 shares. If that breakout hits soon, then SMA will set up to re-test or possibly take out its next major overhead resistance levels at $9.41 to its 200-day at $9.77. Any high-volume move above $9.77 will then put $10.50 into range for shares of SMA. Transcept Pharmaceuticals Transcept Pharmaceuticals ( TSPT) is a specialty pharmaceutical company focused on the development and commercialization of proprietary products that address important therapeutic needs in neuroscience. This stock closed up 2.6% to $8.28 in Thursday's trading session. Thursday's Range: $3.60-$3.67
52-Week Range: $2.52-$6.77
Thursday's Volume: 92,000
Three-Month Average Volume: 165,940 From a technical perspective, TSPT trended modestly higher here with lighter-than-average volume. This stock recently made a sharp run higher right off its 50-day moving average of $3.03 to its recent high of $3.70 with decent upside volume flows. That move has now pushed shares of TSPT within range of triggering a big breakout trade. That trade will hit if TSPT manages to take out some near-term overhead resistance levels at $3.70 to $3.90 and then once it clears its 200-day at $4.02 and more past resistance at $4.23 with high volume.