52-Week Range: $0.60-$2.44
Tuesday's Volume: 1.46 million
Three-Month Average Volume: 282,434 >>5 Stocks Poised for Breakouts From a technical perspective, LEDS exploded higher here back above its 200-day moving average of $1.15 and broke out above some resistance at $1.19 with heavy upside volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of 79 cents to its intraday high of $1.31. During that uptrend, shares of LEDS have been consistently making higher lows and higher highs, which is bullish technical price action. Traders should now look for long-biased trades in LEDS as long as it's trending above its 200-day at $1.15 or above Tuesday's low of $1.06 and then once it sustains a move or close above Tuesday's high of $1.31 to more resistance at $1.35 with volume that hits near or above 282,434 shares. If we get that move soon, then LEDS will set up to re-test or possibly take out its next major overhead resistance levels at $1.70 to $2.