Traders should now look for long-biased trades in CDTI as long as it's trending above its 50-day at $1.48 or above more support at $1.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 182,652 shares. If that breakout hits soon, then CDTI will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $1.92 to $2.08. Any high-volume move above those levels will then give CDTI a chance to tag $2.25 to $2.50.
Superconductor Technologies (
SCON) develops high-temperature superconductor materials and related technologies. It also designs, manufactures, and sells high-performance infrastructure products for wireless communication applications. This stock closed up 10.1% to $1.96 in Thursday's trading session.
Thursday's Range: $1.80-$2.08
52-Week Range: $1.42-$6.72
Thursday's Volume: 2.30 million
Three-Month Average Volume: 281,509
From a technical perspective, SCON exploded higher here right above its 50-day moving average of $1.61 with monster upside volume. This move pushed shares of SCON into breakout territory, since the stock took out some near-term overhead resistance levels at $1.89 to $1.95. Shares of SCON are now quickly moving within range of triggering another big breakout trade. That trade will hit if SCON manages to take out Thursday's high of $2.08 and some past overhead resistance near $2.25 with high volume.
Traders should now look for long-biased trades in SCON as long as it's trending above Thursday's low of $1.79 or its 50-day at $1.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 281,509 shares. If that breakout hits soon, then SCON will set up to re-test or possibly take out its next major overhead resistance levels a $2.85 to $3. Any high-volume move above those levels will then give SCON a chance to tag $3.88 to $4.
) is a three-dimensional biology company focused on delivering breakthrough bioprinting technology and creating tissue on demand for research and medical applications. This stock closed up 5.5% to $6.07 in Thursday's trading session.
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