52-Week Range: $1.60-$7.15
Tuesday's Volume: 120,000
Three-Month Average Volume: 202,559 From a technical perspective, CRME ripped higher here right off some near-term support at $6 with lighter-than-average volume. This move is quickly pushing shares of CRME within range of triggering a big breakout trade. That trade will hit if CRME manages to take out Tuesday's high of $6.78 and then once it clears its 52-week high at $7.15 with high volume. Traders should now look for long-biased trades in CRME as long as it's trending above some near-term support levels at $6 or at $5.85, and then once it sustains a move or close above those breakout levels with volume that hits near or above 202,559 shares. If that breakout hits soon, then CRME will set up to enter new 52-week-high territory, which is bullish technical price action. If that breakout hits, then CRME will have a chance to re-fill some of its previous gap down zone from March of 2012 that started near $10.