52-Week Range: $1.82-$7.78
Thursday's Volume: 1.12 million
Three-Month Average Volume: 2.45 million From a technical perspective, PRKR spiked sharply higher here right above its 50-day moving average of $3.48 and back above its 200-day moving average at $3.86 with lighter-than-average volume. This move is quickly pushing shares of PRKR within range of triggering a big breakout trade. That trade will hit if PRKR manages to take out some near-term overhead resistance levels at Thursday's high of $4 to $4.05 with high volume. Traders should now look for long-biased trades in PRKR as long as it's trending above its 50-day at $3.48 or above more support at $3.45 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.45 million shares. If that breakout hits soon, then PRKR will set up for a potentially large move higher that takes the stock back towards $5 to $5.50.