Staar Surgical

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Staar Surgical ( STAA) designs, develops, manufactures and sells implantable lenses for the eye. STAAR makes lenses both for use in surgery that treats cataracts, and for use in corrective or refractive surgery. This stock is trading up 0.37% at $10.81 in recent trading after hitting a 52-week of $10.88 earlier in the day.

Today's Range: $10.48-$10.88

52-week Range: $4.41-$10.88

Volume: 112,000 shares

Three-Month Average Volume: 356,173 shares

Staar Surgical has a market cap of $390.56 million and an enterprise value of $376.18 million. The stock trades at a trailing price-to-earnings of 983.64 and a forward price-to-earnings of 67.62. Its estimated growth rate for next year is pegged at 166.7%.

From a technical standpoint, this stock recently triggered a breakout trade once it took out some near-term overhead resistance at $10.03 on monster volume. As long as this stock can remain above that key breakout level, then this stock should continue to trend much higher. The next significant overhead resistance levels to watch for a potential target if this breakout holds are $12 to $15.

>>Stocks Rising on Unusual Volume

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