52-Week Range: $0.41-$0.92
Volume: 3.52 million
Three-Month Average Volume: 732,059 Shares of MSTX spiked modestly higher on Thursday after Vista Partners updated coverage on the stock with a 12-month price target of $2.25 per share. >>5 Stocsk Insiders Love Right Now From a technical perspective, MSTX trended slightly higher here right above some near-term support at 44 cents per share with monster upside volume. This stock has been trending sideways for the last month and change, after it gapped down sharply in June from around 65 cents per share to its 52-week low of 41 cent per share. That sideways chart pattern has seen MSTX trend between 41 cents on the downside and 50 cents on the upside. Shares of MSTX are now quickly moving within range of triggering a major breakout trade above the upper-end of its sideways trading chart pattern. That trade will hit if MSTX manages to take out some near-term overhead resistance levels at 49 to 50 cents per share with high volume. Traders should now look for long-biased trades in MSTX as long as it's trending above some near-term support levels at 44 cents to 42 cents, and then once it sustains a move or close above those breakout levels with volume that hits near or above 732,059 shares. If that breakout triggers soon, then MSTX will set up to re-fill its previous gap down zone from June that started near 65 cents per share. If that gap gets filled, then MSTX could hit 75 to 80 cents.
52-Week Range: $0.75-$9.44
Thursday's Volume: 3.21 million
Three-Month Average Volume: 5.09 million >>3 Biotech Stocks to Watch for Breakout Trades From a technical perspective, CLSN ripped higher here right above some near-term support at $1.07 with lighter-than-average volume. This move is quickly pushing shares of CLSN within range of triggering a near-term breakout trade. That trade will hit if CLSN manages to take out some near-term overhead resistance at $1.23 and then once it clears its 50-day moving average at $1.24 with high volume. Traders should now look for long-biased trades in CLSN as long as it's trending above some near-term support levels at $1.07 or at $1.02, and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.09 million shares. If that breakout triggers soon, then CLSN will set up to re-test or possibly take out its next major overhead resistance levels at $1.44 to $1.65. Any high-volume move above those levels will then put its next major overhead resistance levels at $2 to $2.10 into range for shares of CLSN. To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.
Twitter and become a fan on Facebook.