Traders should now look for long-biased trades in ZHNE as long as it's trending above some key near-term support at $2.44, and then once it sustains a move or close above those breakout levels with volume that hits near or above 781,497 shares. If that breakout hits soon, then ZHNE 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 to $4.50.

XenoPort ( XNPT)

This is a biopharmaceutical company focused on developing and commercializing a portfolio of internally discovered product candidates with an initial focus on neurological disorders. This stock closed up 17.1% to $5.89 in Tuesday's trading session.

Tuesday's Range: $5.10-$6.08

52-Week Range: $4.24-$12.98

Tuesday's Volume: 1.63 million

Three-Month Average Volume: 365,431

From a technical perspective, XNPT skyrocketed higher here right off its 50-day moving average of $5.09 with heavy upside volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $4.24 to its intraday high of $6.08. During that uptrend, shares of XNPT have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of XNPT within range of triggering a near-term breakout trade. That trade will hit if XNPT manages to take out Tuesday's intraday high of $6.08 with high volume.

Traders should now look for long-biased trades in XNPT as long as it's trending above $5.70 to $5.26, and then once it sustains a move or close above $6.08 with volume that hits near or above 365,431 shares. If that breakout triggers soon, then XNPT will set up to re-fill some of its previous gap down zone from May that started at $6.83. Any high-volume move above $6.83 will then give XNPT a chance to tag $7 to $7.50.

Performance Technologies ( PTIX)

This company is a supplier of advanced network communications solutions to carrier, government and OEM markets. This stock closed up 19.9% to $3.43 in Tuesday's trading session.

Tuesday's Range: $2.86-$3.44

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