Tuesday's Range: $9.46-$9.79
52-Week Range: $6.18-$23.38
Tuesday's Volume: 148,000
Three-Month Average Volume: 545,832
From a technical perspective, LITB bounced modestly higher here right above some near-term support at $9 with lighter-than-average volume. This bounce is starting to push shares of LITB within range of triggering a big breakout trade. That trade will hit if LITB manages to take out some key overhead resistance levels at $9.97 to $10.79 and then $10.89 with high volume.Traders should now look for long-biased trades in LITB as long as it's trending above $9 or above its 50-day at $8.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 545,832 shares. If that breakout hits soon, then LITB will set up to re-test or possibly take out its next major overhead resistance levels $12 to $13.
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