SatCon Technology

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SatCon Technology ( SATC) is a clean energy technology provider of utility grade power solutions for the renewable energy market, primarily the large-scale commercial and utility-scale solar photovoltaic markets. This stock is trading up 4.4% at $1.18 in recent trading.

Today's Range: $1.03-$1.26

52-Week Range: $0.93-$13.60

Volume: 162,000

Three-Month Average Volume: 159,897

>>4 Tech Stocks to Trade (or Not)

From a technical perspective , SATC is moving to the upside here right off some near-term support around $1 with above average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once SATC manages to clear $1.36 with high volume.

Traders should now look for long-biased trades once SATC manages to sustain a move or close above $1.36 with volume that's near or above 159,897 shares. At last check, SATC has hit an intraday high of $1.27 and volume is a bit above its three-month average volume. If that breakout triggers soon, then look for SATC to re-test or possibly take out its 50-day moving average of $1.71.

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