Cytori Therapeutics

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Cytori Therapeutics ( CYTX) develops, manufactures, and sells medical products and devices to enable the practice of regenerative medicine. This stock is trading up 6.8% to $2.89 in recent trading.

Today's Range: $2.71-$2.96

52-Week Range: $1.90-$4.50

Volume: 241,000

Three-Month Average Volume: 253,780

>>5 Stocks Under $10 Set to Soar

From a technical perspective, CYTX is ripping to the upside here right off some near-term support at $2.70 with decent volume. This move has also pushed CYTX above some near-term breakout levels at $2.65 and $2.72.

Traders should now look to play the next major breakout trade for CYTX. That trade will trigger once CYTX takes out some near-term overhead resistance at $3 to $3.10 with high volume. Traders should look for long-biased trades as long as CYTX is trending above its 50-day at $2.60, and then once it sustains a move or close over $3 to $3.10 with volume that's near or above 253.780 shares. If that breakout triggers soon, then look for CYTX to re-test or possibly take out its next major overhead resistance level at $3.45.

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