52-Week Range: $7.24-$11.25
Thursday's Volume: 1.13 million
Three-Month Average Volume: 364,252 From a technical perspective, COT jumped higher here right off its 50-day moving average of $7.94 with heavy upside volume. This move is quickly pushing shares of COT within range of triggering a near-term breakout trade. That trade will hit if COT manages to take out some near-term overhead resistance at $8.29 with high volume. Traders should now look for long-biased trades in COT as long as it's trending above its 50-day at $7.94 or above more support at $7.80 and then once it sustains a move or close above $8.29 with volume that hits near or above 364,252 shares. If that breakout hits soon, then COT will set up to re-test or possibly take out its next major overhead resistance levels at $8.74 to $8.84. Any high-volume move above those levels will then give COT a chance to tag its next major overhead resistance levels at $9.25 to $10.