JA Solar

JA Solar ( JASO) designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers. This stock closed up 0.5% to $5.67 on Wednesday.

Wednesday's Range: $5.60-$6.09

52-Week Range: $2.90-$10.85

Volume: 1.90 million

Three-Month Average Volume: 466,330

Shares of JASO traded up modestly Wednesday after the company said it expects fourth-quarter shipments to be 480 megawatts to 500 megawatts of solar products, well above the company's previous guidance range of 380 megawatts to 420 megawatts.

From a technical perspective, JASO trended up right off some near-term support at $5.55 with heavy upside volume. This stock has been trading in a tight consolidation pattern for the last month and change, with shares moving between $6.14 on the upside and $5.16 on the downside. Shares of JASO are now starting to move within range of triggering a breakout trade above the upper-end of its sideways chart pattern. That breakout will hit if JASO manages to take out some near-term overhead resistance at $6.14 with high volume.

Traders should now look for long-biased trades in JASO as long as it's trending above $5.55 and then once it sustains a move or close above $6.14 with volume that hits near or above 466,330 shares. If that breakout triggers soon, then JASO will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.55.

Nova Measuring Instruments

Nova Measuring Instruments ( NVMI) develops, produces and markets metrology systems for process control and monitoring in semiconductor manufacturing. This stock closed up 4.1% to $9.46 on Wednesday.

Wednesday's Range: $9.11-$9.67

52-Week Range: $6.82-$9.50

Volume: 305,000

Three-Month Average Volume: 71,679

Shares of NVMI jumped higher on Wednesday after the company beat Wall Street expectations on revenue and met expectations on earnings per share. The company posted revenue of $22.1 million and its gross margin was 50%.

From a technical perspective, NVMI ripped higher here right off some near-term support at $8.80 and above its 50-day moving average at $8.45 with above-average volume. This move briefly pushed shares of NVMI into breakout territory and new 52-week-high territory, since the stock flirted with some near-term overhead resistance levels at $9.45 to $9.50. At last check, NVMI hit an intraday high of $9.67 but closed at $9.46 with volume that was well above its three-month average action of 71,679 shares.

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