52-Week Range: $1.42-$6.96
Three-Month Average Volume: 366,658 >>3 Tech Stocks Spiking on Big Volume From a technical perspective, MERU bounced notably higher here right above its 200-day moving average of $3.70 with lighter-than-average volume. This stock recently downtrended badly from its high of $6.96 to its low of $3.16. During that move shares of MERU were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of MERU have started to rebound off that $3.16 low and it's now quickly moving within range of triggering a near-term breakout trade. That trade will hit if MERU manages to clear some near-term overhead resistance at $4.24 with high volume. Traders should now look for long-biased trades in MERU as long as it's trending above its 200-day at $3.70 or above some more key support at $3.50, and then once it sustains a move or close above $4.24 with volume that hits near or above 366,658 shares. If that breakout triggers soon, then MERU will set up to re-test or possibly take out its 50-day moving average at $5.16. Any high-volume move above its 50-day will then put its next major overhead resistance levels at $5.50 to $6 into range for shares of MERU.
52-Week Range: $1.17-$3.71
Three-Month Average Volume: 293,777 >>Beat the S&P With 5 Stock Everyone Else Hates From a technical perspective, NVTL bounced sharply higher here with above-average volume. This stock has been uptrending strong for the last month, with shares soaring higher from its low of $2.20 to its recent high of $3.71. During that move, besides one super spike down to $2.85, shares of NVTL have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NVTL within range of triggering a major breakout trade. That trade will hit if NVTL manages to take out its 52-week high at $3.71 with high volume. Traders should now look for long-biased trades in NVTL as long as it's trending above some key near-term support at $3.20 and then once it sustains a move or close above its 52-week high at $3.71 with volume that hits near or above 293,777 shares. If that breakout triggers soon, then NVTL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4.42 to $5.50. Emcore Emcore ( EMKR) is a provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. This stock closed up 3.5% to $3.51 on Thursday. Thursday's Range: $3.40-$3.56
52-Week Range: $3.32-$6.75
Three-Month Average Volume: 292,175 >>5 Rocket Stock to Buy in June From a technical perspective, EMKR bounced notably higher here right above some near-term support at $3.34 with decent upside volume. This stock had been downtrending badly for the last four months, with shares dropping from its high of $6.75 to its recent low of $3.32. During that downtrend, shares of EMKR were making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of EMKR have now formed a double bottom chart pattern at $3.32 to $3.34 and the downtrend volatility has stopped. If EMKR can hold that double bottom, then this stock could be setting up for a sharp move higher.
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