52-Week Range: $0.75-$3.90
Thursday's Volume: 1.44 million
Three-Month Average Volume: 368,432 From a technical perspective, CVM ripped sharply higher here right above its recent low of 75 cents per share with heavy upside volume. This stock has been downtrending badly for the last two months and change, with shares plunging lower from its high of $2.75 to that low of 75 cents. During that downtrend, shares of CVM have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed shares of CVM into oversold territory, since its current relative strength index reading is 24.96. Oversold can always get move oversold, but it's also an area where a stock can experience a powerful rebound higher from. Traders should now look for long-biased trades in CVM as long as it's trending above its 52-week low of 75 cents and then once it sustains a move or close above Thursday's high of 86 cents to more near-term resistance levels at 88 cents to 95 cents per share with volume that hits near or above 368,432 shares. If we get that move soon, then CVM will set up to re-fill some of its previous gap down zone from earlier this month that started $1.35. Nanosphere Nanosphere ( NSPH) develops, manufactures and markets an advanced molecular diagnostics platform, the Verigene System, which enables simple, low-cost and highly sensitive genomic and protein testing on a single platform. This stock closed up 5% to $2.04 a share in Thursday's trading session. Thursday's Range: $1.91-$2.06
52-Week Range: $1.72-$4.49
Thursday's Volume: 535,000
Three-Month Average Volume: 635,089 From a technical perspective, NSPH spiked sharply higher here right above some near-term support at $1.88 and back above its 50-day moving average of $2.01 with decent upside volume. This stock has been trending sideways inside of a consolidation pattern for the last two months and change, with shares moving between $1.77 on the downside and just above $2.25 on the upside. This consolidation pattern is coming after shares of NSPH gapped down sharply back in August from just over $3 to $1.95. Shares of NSPH are now quickly moving within range of triggering a big breakout trade above the upper end of its recent sideways trading chart pattern. That trade will hit if NSPH manages to take out some near-term overhead resistance levels at $2.16 to $2.20, and then just above $2.25 with high volume.