KIT Digital ( KITD), through its operating subsidiaries, provides enterprise clients an end-to-end technology platform for managing IP-based video assets across the browser, mobile device and Internet protocol television set-top-box-enabled television sets. This stock is trading up 11.8% at $3.50 in recent trading. Today's Range: $3.13-$3.50 52-Week Range: $2.64-$12.65 Volume: 403,000 Three-Month Average Volume: 1.2 million From a technical perspective, KITD is ripping to the upside here right off some near-term support at $3.02 with low volume. This move is quickly pushing KITD within range of its 50-day moving average of $3.85. Traders should now look for long-biased trades if KITD can manage to take out $3.85 with high volume. Look for a sustained move or close above $3.85 with volume that's near or above 1.2 million shares. If we get that action soon, then this stock could challenge some stiff near-term overhead resistance at around $4.75 to $4.80. Keep in mind that KITD has put in a lower low since it tagged its 52-week low of $2.64 in June, with the stock now trading over $3.02. All the bulls need now is for KITD to sustain a trend over its 50-day to put the stock back into range of a bullish near-term uptrend.
Cleantech Solutions (CLNT) soared Monday after the metal components manufacturer reported its fourth-quarter results. Revenue increased 29.4% year over year to $22.8 million from $17.6 million mostly due to sales of the company's dyeing and finishing equipment thanks to the demand for Cleantech's low-emission airflow dyeing machines. Net income increased to $2.1 million, or 60 cents per basic and diluted share, from $0.5 million, or 17 cents per basic and diluted share, in the same period one year earlier. Operating expenses decreased 10.7% year over year to $3.1 million from $3.5 million, while operating income increased to $2.8 million from $0.7 million. Operating margin was 12.2% compared to 4.1% in the same period one year earlier. Adjusted EBIDTA rose year over year to $7.3 million from $4.8 million.