Pure Bioscience

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Pure Bioscience ( PURE) is engaged in the development and commercialization of bioscience products that provide solutions to global health challenges. This stock is trading up 1.7% to $1.08 in recent trading.

Today's Range: $1.02-$1.15

52-Week Range: $0.90-$6

Volume: 169,000

Three-Month Average Volume: 197,735

>>5 Stocsk Under $10 Set to Soar

From a technical perspective, PURE is bouncing here right off some near-term support at $1 with decent volume. This move is quickly pushing PURE within range of triggering a near-term breakout trade. That trade will hit once PURE manages to take out some near-term overhead resistance at $1.22 to $1.26 with high volume.

Traders should now look for long-biased trades in PURE as long as it's trending above $1, and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,735 shares. If that breakout triggers soon, then PURE could explode to the upside and possibly re-test or take out its next major overhead resistance levels at $1.80 to its 200-day at $2.13. It's even possible that PURE could tag its 200-day at $2.60.

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