Novatel Wireless

Novatel Wireless ( NVTL) is a provider of wireless broadband access solutions for the worldwide mobile communications market. This stock is trading up 6.7% to $1.91 in recent trading.

Today's Range: $1.80-$1.92

52-Week Range: $1.17-$3.67

Volume: 382,000

Three-Month Average Volume: 702,623

From a technical perspective, NVTL is ripping higher here right off some near-term support at $1.76 with lighter-than-average volume. This move is quickly pushing shares of NVTL within range of taking out its 200-day moving average of $1.91. At last check, NVTL has hit an intraday high of $1.92 and volume is well below its three-month average action of 702,623 shares.

Traders should now look for long-biased trades in NVTL as long as it's trending above $1.76, and then once it sustains a move or close above $1.91 to $1.92 with volume that hits near or above 702,623 shares. If that breakout triggers soon, then NVTL will set up to re-test or possibly take out its next major overhead resistance levels at $2.10 to $2.14. Any high-volume move above $2.14 will then put $2.40 to $2.60 into range for shares of NVTL.

BioLineRx

BioLineRx ( BLRX) is a clinical-stage biopharmaceutical development company engaged in identifying, in-licensing and developing therapeutic compounds in areas of central nervous system, oncology, cardiovascular and infectious diseases, among others. This stock is trading up 1% to $3.71 in recent trading.

Today's Range: $3.63-$3.75

52-Week Range: $2.20-$5.10

Volume: 85,000

Three-Month Average Volume: 173,970

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From a technical perspective, BLRX is moving modestly higher here right above some near-term support at $3.52 and right above its 50-day moving average of $3.36 with lighter-than-average volume. This move could be signaling a near-term bottom for shares of BLRX, since the stock has pulled back from its recent high of $5.10 and has so far held above its 50-day.

Traders should now look for long-biased trades in BLRX as long as it's trending above its 50-day at $3.36, and then once it sustains a move or close above some near-term breakout levels at $4.08 to $4.29 with volume that hits near or above 173,970 shares. If that breakout triggers soon, then BLRX will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to $5.10. Any high-volume move above $5.10 could then put $6 into range for shares of BLRX.

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