52-Week Range: $1.40-$14.14
Tuesday's Volume: 2.05 million
Three-Month Average Volume: 383,146 >>5 Rocket Stocks to Buy for Earnings Season From a technical perspective, CBMX ripped higher here right above its 50-day moving average at $3.07 with heavy upside volume. This move is quickly pushing shares of CBMX within range of triggering a major breakout trade. That trade will hit if CBMX manages to take out its 200-day moving average at $3.85 and then when it clears more resistance at $4.60 to $4.62 with high volume. Traders should now look for long-biased trades in CBMX as long as it's trending above Tuesday's low of $3.24 and then once it sustains a move or close above those breakout levels with volume that hits near or above 383,146 shares. If that breakout triggers soon, then CBMX will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $7.50.