52-Week Range: $0.88-$8.28
Tuesday's Volume: 6.68 million
Three-Month Average Volume: 1.44 million From a technical perspective, ZLCS skyrocketed higher here right off its 52-week low of 88 cents per share with monster upside volume. This stock recently gapped down sharply from $4.83 to $1.09 with heavy downside volume. Shares of ZLCS are now starting to rebound off oversold levels, since its current relative strength index reading is 29. This oversold bounce is quickly pushing shares of ZLCS within range of triggering a big breakout trade. That trade will hit if ZLCS manages to take out some near-term overhead resistance levels at $1.24 to its gap down day high of $1.45 with high volume. Traders should now look for long-biased trades in ZLCS as long as it's trending above $1 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.44 million shares. If that breakout hits soon, then ZLCS will set up to re-fill some of its previous gap down zone that started at $4.83.