ConforMIS
Tuesday's Range: $9.10-$9.70
52-Week Range: $4.80-$23.62
Tuesday's Volume: 248,000
Three-Month Average Volume: 324,842
ConforMIS (CFMS) , a medical technology company, develops, manufactures and sells customized joint replacement implants. This stock closed up 5.1% to $9.66 in Tuesday's trading session.
From a technical perspective, ConforMIS spiked sharply higher on Tuesday right off some near-term support at $9 a share and right above its 20-day moving average of $8.80 a share with lighter-than-average volume. This stock has been uptrending strong over the last three months, with shares moving higher off its low of $6.05 a share to its recent high of $9.90 a share. During that uptrend, shares of ConforMIS have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed this stock within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manage to take out some near-term overhead resistance level at $9.90 to its 200-day moving average of $9.98 a share with high volume.
Traders should now look for long-biased trades in ConforMIS as long as it's trending above some near-term support at $9 a share or above its 20-day moving average of $8.80 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 324,842 shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $11 to $12 a share.
Sonus Networks
Tuesday's Range: $8.40-$8.85
52-Week Range: $5.15-$10.00
Tuesday's Volume: 410,000
Three-Month Average Volume: 309,508
Sonus Networks (SONS) provides networked solutions for communications service providers and enterprises. This stock closed up 3.4% to $8.75 in Tuesday's trading session.
From a technical perspective, Sonus Networks jumped notably higher on Tuesday right off some near-term support at $8.31 a share and back above its 20-day moving average of $8.59 a share with above-average volume. This high-volume jump to the upside is now quickly pushing shares of Sonus Networks within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manage to take out some near-term overhead resistance levels at $8.86 to $9.05 a share with high volume.
Traders should now look for long-biased trades in Sonus Networks as long as it's trending above some near-term support levels at $8.31 a share or around $8 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 309,508 shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $10 a share.
ronox
Tuesday's Range: $8.84-$9.50
52-Week Range: $2.79-$9.92
Tuesday's Volume: 761,000
Three-Month Average Volume: 951,280
Tronox (TROX) produces and markets titanium bearing mineral sands and titanium dioxide pigment in North America, Europe, South Africa, and the Asia-Pacific region. This stock closed up 5% to $9.34 in Tuesday's trading session.
From a technical perspective, Tronox spiked sharply higher on Tuesday right off its 20-day moving average of $8.90 a share with lighter-than-average volume. This stock has been uptrending strong over the last three months, with shares moving higher off its low of $3.82 a share to its recent high of $9.92 a share. During that uptrend, shares of Tronox have been making mostly higher lows and higher highs, which is bullish technical price action. That strong uptrend has now pushed shares of Tronox within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manage to take out some near-term overhead resistance at Tuesday's intraday high of $9.50 a share to its 52-week high of $9.92 a share with high volume.
Traders should now look for long-biased trades in Tronox as long as it's trending above its 20-day moving average of $8.90 a share or above some more near-term support at $8.50 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 951,280 shares. If that breakout triggers soon, then this stock will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $11 to $12, or even $13 a share.
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