Shanda Games

Shanda Games ( GAME) develops, sources, and operates online games in the Peoples Republic of China. This stock closed up 5.7% to $4.20 in Tuesday's trading session.

Tuesday's Range: $3.96-$4.24
52-Week Range: $2.68-$6.42
Tuesday's Volume: 1.84 million
Three-Month Average Volume: 1.34 million

From a technical perspective, GAME spiked sharply higher here right above its 200-day moving average of $3.86 with above-average volume. This stock recently formed a double bottom chart pattern at $3.87 to $3.88. Following that bottom, shares of GAME are now starting to trend within range of triggering a near-term breakout trade. That trade will hit if GAME manages to take out its 50-day moving average of $4.26 to some more near-term overhead resistance levels at $4.45 to $4.51 with high volume.

Traders should now look for long-biased trades in GAME as long as it's trending above its 200-day at $3.86 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.34 million shares. If that breakout triggers soon, then GAME will set up to re-test or possibly take out its next major overhead resistance levels at $4.89 to $4.98. Any high-volume move above those levels will then give GAME a chance to tag $6.

Aehr Test Systems

Aehr Test Systems ( AEHR) develops, manufactures and sells systems designed to reduce the cost of testing and to perform reliability screening, or burn-in, of complex logic and memory devices. This stock closed up 9.1% to $3.33 in Tuesday's trading session.

Tuesday's Range: $2.99-$3.48
52-Week Range: $0.72-$3.59
Tuesday's Volume: 183,000
Three-Month Average Volume: 50,542

From a technical perspective, AEHR exploded higher here with above-average volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $2.22 to its intraday high of $3.48. During that uptrend, shares of AEHR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of AEHR within range of triggering a big breakout trade. That trade will hit if AEHR manages to take out Tuesday's high of $3.48 to its 52-week high at $3.59 with high volume.

If you liked this article you might like

The 10 Public Companies That Are the Most Dependent on Apple for Their Revenue

Aehr Test Systems (AEHR) Stock Skyrocketing on FOX-XP Order

5 Breakout Stocks Under $10 Set to Soar

3 Stocks Pushing The Electronics Industry Lower

3 Stocks Pushing The Electronics Industry Lower