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Thursday, 04/23/2015 2:34:04 PM

Thursday, April 23, 2015 2:34:04 PM

Post# of 3108
NBS mentioned here!(From THE STREET)
3 Breakout Stocks Under $10 for Your Trading Radar
By Roberto Pedone Follow | 04/23/15 - 01:58 PM EDT
Neostem

Neostem (NBS - Get Report), a clinical-stage biopharmaceutical company, develops cell-based therapeutics in the U.S. This stock is trading up 4.8% to $3.02 in Thursday's trading session.

Thursday's Range: $2.88-$3.04
52-Week Range: $2.34-$7.23
Thursday's Volume: 199,000
Three-Month Average Volume: 341,345

From a technical perspective, NBS is spiking higher here right above some near-term support at $2.70 with lighter-than-average volume. This jump to the upside on Thursday is starting to push shares of NBS within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will hit if NBS manages to take out some near-term overhead resistance levels at $3.07 to $3.14 with high volume.

Traders should now look for long-biased trades in NBS as long as it's trending above Thursday's intraday low of $2.88 or above more near-term support at $2.70 and then once it sustains a move or close above those breakout levels with volume that registers near or above 341,345 shares. If that breakout develops soon, then NBS will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $3.39 to $4 a share.
http://www.thestreet.com/story/13124312/3/3-breakout-stocks-under-10-for-your-trading-radar.html
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