52-Week Range: $0.82-$2.48
Thursday's Volume: 725,000
Three-Month Average Volume: 691,135 >>5 Stocks Set to Soar on Bullish Earnings From a technical perspective, ACLS spiked higher here right above its 50-day moving average of $2.19 with above-average volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $1.27 to its recent high of $2.48. During that uptrend, shares of ACLS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ACLS within range of triggering a near-term breakout trade. That trade will hit if ACLS manages to take out Tuesday's high of $2.38 to its 52-week high at $2.48 with high volume. Traders should now look for long-biased trades in ACLS as long as it's trending above its 50-day at $2.19 or above more support at $2.05 and then once it sustains a move or close above those breakout levels with volume that hits near or above 691,135 shares. If that breakout triggers soon, then ACLS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $3.50 to $4.