Traders should now look for long-biased trades in HCKT as long as it's trending above its 50-day at $6.77 or above more support at $6.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 165,538 shares. If that breakout hits soon, then HCKT will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $9 to $10.
China Cord Blood
China Cord Blood (CO) provides cord blood processing and storage services for expectant parents interested in capturing the opportunities made available by evolving medical treatments. This stock closed up 4.2% to $4.15 in Thursday's trading session.
Thursday's Range: $3.93-$4.17
52-Week Range: $2.54-$4.60
Thursday's Volume: 135,000
Three-Month Average Volume: 167,134
52-Week Range: $0.98-$2.28
Thursday's Volume: 255,000
Three-Month Average Volume: 73,486 From a technical perspective, IG exploded higher here right off its 50-day moving average of $1.94 with above-average volume. This move pushed shares of IG into breakout territory, since the stock took out some near-term overhead resistance at $2.09. Shares of IG are now quickly moving within range of triggering another big breakout trade. That trade will hit if IG manages to take out Thursday's high of $2.19 to its 52-week high at $2.28 with high volume. Traders should now look for long-biased trades in IG as long as it's trending above its 50-day at $1.94 or above more near-term support at $1.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 73,486 shares. If that breakout triggers soon, then IG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $3 to $3.50.
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