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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