52-week Range: $3.92-$17.50
Three-Month Average Volume: 2,881,390 From a technical perspective, GTAT is bouncing hard here off some previous support levels at $3.92 to $4 with below-average volume. This move is also coming off oversold conditions, since GTAT has a relative strength index (RSI) reading of 32.60. Traders should now look for long-biased trades if GTAT can manage to trigger a major near-term breakout trade. That trade will hit once GTAT takes out some near-term overhead resistance at $4.45 to $4.49 (today's high) with high volume. Look for a sustained move or close above those levels with volume that's near or above 2,881,390 shares. If we get that action soon, look for GTAT to tag $5.50, or possibly its 50-day moving average of $6.32.