Traders should now look for long-biased trades in OESX as long as it's trending above support at $5.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 177,681 shares. If that breakout hits soon, then OESX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $9 to $10.
Document Security Systems
Document Security Systems (
DDS) is engaged in fraud and counterfeit protection for all forms of printed documents and digital information. It holds numerous patents for optical deterrent technologies that provide protection of printed information. This stock closed up 5.7% to $2.03 in Thursday's trading session.
Thursday's Range: $1.87-$2.11
52-Week Range: $0.86-$3.64
Thursday's Volume: 1.63 million
Three-Month Average Volume: 877,945
From a technical perspective, DSS spiked sharply higher here right off its 200-day moving average of $1.90 with heavy upside volume. This stock has been uptrending strong for the last month and change, with shares soaring higher from its low of 86 cents per share to its high of $2.30. During that move, shares of DSS have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of DSS within range of triggering a major breakout trade. That trade will hit if DSS manages to take out Thursday's high of $2.11 to some more near-term overhead resistance at $2.30 with high volume.
Traders should now look for long-biased trades in DSS as long as it's trending above its 200-day at $1.90 or above more near-term support at $1.79 and then once it sustains a move or close above those breakout levels with volume that hits near or above 877,945 shares. If that breakout hits soon, then DSS will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.20.
) 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 4.4% to $9.63 in Thursday's trading session.