InspiredMD (NSPR), a medical device company, focuses on the development and commercialization of proprietary MGuard stent platform technology. This stock closed up 4% to $3.10 in Tuesday's trading session.
Tuesday's Range: $2.91-$3.10
52-Week Range: $1.80-$3.67
Tuesday's Volume: 369,000
Three-Month Average Volume: 309,117From a technical perspective, NSPR spiked notably higher here right above its 50-day moving average of $2.66 with above-average volume. This stock has been uptrending strong over the last month and change, with shares moving higher from its low of $2.27 to its intraday high of $3.10. During that uptrend, shares of NSPR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NSPR within range of triggering a big breakout trade. That trade will hit if NSPR manages to take out Tuesday's high of $3.10 to some past overhead resistance at $3.12 with high volume. Traders should now look for long-biased trades in NSPR as long as its trending above its 50-day at $2.66 or above its 200-day at $2.49 and then once it sustains a move or close above those breakout levels with volume that hits near or above 309,117 shares. If that breakout hits soon, then NSPR will set up to re-test or possibly take out its next major overhead resistance levels at 52-week high at $3.67 to $4.
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