Tuesday's Range: $8.10-$8.58
52-Week Range: $5.44-$18.32
Tuesday's Volume: 71.57 million
Three-Month Average Volume: 20.18 million
From a technical perspective, shares of BBRY spiked sharply higher here and broke out above some past overhead resistance at $8.45 with heavy upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $5.44 to its intraday high of $8.58. During that move, shares of BBRY have been consistently making higher lows and higher highs, which is bullish technical price action.Traders should now look for long-biased trades in BBRY as long as it's trending above Thursday's low of $8.10 or above more support at $7.50 and then once it sustains a move or close above Tuesday's high of $8.58 with volume that hits near or above 20.18 million shares. If we get that move soon, then BBRY will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $10.45 to $10.79. Any high-volume move above those levels will then give BBRY a chance to tag its next major overhead resistance level at $11.65.
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