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Shares of NeXplore Corporation surged 160% today after

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pro_trader   Tuesday, 09/23/08 08:15:14 PM
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Shares of NeXplore Corporation surged 160% today after several days of heavy upside volume and little price change. This underscores what technicians say about volume breakouts preceding price breakouts. Surprisingly, the stock is still not overbought yet either (as measured by the stochastics) Ideally the stock should hold the 200 day moving average of $1.10, but certainly not close below the 50 day moving average of $0.60. If we can break the $1.35 resistance level, we should have no problem sailing to $2.30.

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