Traders should now look for long-biased trades in HCKT as long as it's trending above its 50-day at $6.77 or above more support at $6.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 165,538 shares. If that breakout hits soon, then HCKT will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $9 to $10.

China Cord Blood

China Cord Blood ( CO) provides cord blood processing and storage services for expectant parents interested in capturing the opportunities made available by evolving medical treatments. This stock closed up 4.2% to $4.15 in Thursday's trading session.

Thursday's Range: $3.93-$4.17
52-Week Range: $2.54-$4.60
Thursday's Volume: 135,000
Three-Month Average Volume: 167,134

From a technical perspective, CO jumped higher here right above its 50-day moving average of $3.85 with decent upside volume. This move is quickly pushing shares of CO within range of triggering a major breakout trade. That trade will hit if CO manages to take out some near-term overhead resistance levels at $4.20 to $4.46 and then once it clears its 52-week high at $4.60 with high volume.

Traders should now look for long-biased trades in CO as long as it's trending above its 50-day at $3.85 or above more support at $3.75 and then once it sustains a move or close above those breakout levels with volume that hits near or above 167,134 shares. If that breakout hits soon, then CO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6 to $6.50.

IGI Laboratories

IGI Laboratories ( IG) sells generic topical pharmaceutical products that are bioequivalent to their brand-name counterparts. This stock closed up 7.8% to $2.19 in Thursday's trading session.

Thursday's Range: $1.96-$2.19
52-Week Range: $0.98-$2.28
Thursday's Volume: 255,000
Three-Month Average Volume: 73,486

From a technical perspective, IG exploded higher here right off its 50-day moving average of $1.94 with above-average volume. This move pushed shares of IG into breakout territory, since the stock took out some near-term overhead resistance at $2.09. Shares of IG are now quickly moving within range of triggering another big breakout trade. That trade will hit if IG manages to take out Thursday's high of $2.19 to its 52-week high at $2.28 with high volume. Traders should now look for long-biased trades in IG as long as it's trending above its 50-day at $1.94 or above more near-term support at $1.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 73,486 shares. If that breakout triggers soon, then IG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $3 to $3.50.

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