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.
52-Week Range: $1.93-$3.90
Thursday's Volume: 229,000
Three-Month Average Volume: 340,103 From a technical perspective, AVNW spiked higher here and broke out above some near-term overhead resistance at $2.12 with lighter-than-average volume. This stock has been trending sideways for the last month and change, with shares moving between $1.92 on the downside and $2.30 on the upside. Shares of AVNW are now starting to trend within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if AVNW manages to take out some near-term overhead resistance levels at $2.16 to $2.30 with high volume. Traders should now look for long-biased trades in AVNW as long as it's trending above some key near-term support levels at $2 or at $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 340,103 shares. If that breakout hits soon, then AVNW will set up to re-test or possibly take out its next major overhead resistance levels at $2.60 to around $2.80. DragonWave DragonWave ( DRWI) is a provider of high-capacity packet microwave solutions that drive next-generation IP networks. This stock closed up 4.2% to $1.24 in Thursday's trading session. Thursday's Range: $1.18-$1.29
52-Week Range: $1.08-$3.74
Thursday's Volume: 1.57 million
Three-Month Average Volume: 493,738 From a technical perspective, DRWI spiked sharply higher here with heavy upside volume. This stock has been downtrending badly for the last three months and change, with shares plunging lower from its high of $3.58 to its recent low of $1.08. During that downtrend, shares of DRWI have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of DRWI might be ready to see an end to its downside volatility since the stock has started to spike higher over the last few days with heavy upside volume.
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