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. Organovo Organovo ( ONVO) 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.