Hutchinson Technology ( HTCH) is a global technology manufacturer. The company is a supplier of suspension assemblies for hard disk drives. This stock is trading up 10% at $2.25 in recent trading. Today's Range: $2.10-$2.28 52-Week Range: $1.31-$3.42 Volume: 422,000 Three-Month Average Volume: 160,239 >>3 Tech Stocks to Buy on a Pullback From a technical perspective, HTCH is ripping higher here back above its 50-day moving average of $2.16 with monster volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once HTCH can break out above $2.35 to $2.60 with high-volume. Traders should now look for long-biased trades if HTCH can sustain a move or close above those levels with volume that's near or well above 160,239 shares. If we get that action soon, then HTCH has a great chance to hit its August of 2011 high of $3.42.
Central European Distribution (Nasdaq:CEDC) hit a new 52-week low Thursday as it is currently trading at $2.73, below its previous 52-week low of $2.75 with 347,910 shares traded as of 11 a.m. ET. Average volume has been 915,600 shares over the past 30 days.