Traders should now look for long-biased trades in NSPH as long as it's trending above Thursday's low of $1.91 or above more support at $1.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 635,089 shares. If that breakout hits soon, then NSPH will set up to re-fill some of its previous gap down zone from August that started just above $3.
PCO) is a fully integrated intellectual property investment and advisory firm. This stock closed up 5.4% to $2.14 in Thursday's trading session.
Thursday's Range: $2.01-$2.16
52-Week Range: $1.04-$2.71
Thursday's Volume: 232,000
Three-Month Average Volume: 393,038
From a technical perspective, PCO jumped higher here right off its 50-day moving average of $2.03 with lighter-than-average volume. This stock recently formed a major bottoming chart pattern at $1.88, $1.84, $1.89 and $1.85. Since forming that bottom, shares of PCO have started to uptrend and move within range of triggering a near-term breakout trade. That trade will hit if PCO manages to take out some near-term overhead resistance levels at $2.20 to $2.22 with high volume.
Traders should now look for long-biased trades in PCO as long as it's trending above its 50-day at $2.03 or its 200-day at $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 393,038 shares. If that breakout hits soon, then PCO will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.70. Shares of PCO could even tag $3 if those levels get taken out with strong volume.
To see more stocks that are making notable moves higher today, check out the
Stocks Under $10 Moving Higher
portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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