52-Week Range: $1.22-$2.65
Three-Month Average Volume: 60,328 Shares of CAMT are soaring higher today after Chardan Capital Markets upgraded the stock to buy from hold and raised its price target to $3 from $2. >>5 Stocks Under $10 Set to Soar From a technical perspective, CAMT is ripping higher here right above some near-term support at $2.12 with above-average volume. This move is quickly pushing shares of CAMT within range of triggering a major breakout trade. That trade will hit if CAMT manages to take out some key overhead resistance levels at $2.65 to $2.81 with high volume. Traders should now look for long-biased trades in CAMT as long as it's trending above some near-term support at $2.12 and then once it sustains a move or close above those breakout levels with volume that hits near or above 60,328 shares. If that breakout triggers soon, then CAMT will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4.