VPCO.... Stocks Under $10 Making Big Moves Into Breakout Territory ByRoberto PedoneFollow..... TheStreet Quant Ratings' exclusive 5-page report for (VPCO) - FREE. 3-17-15
Vapor (VPCO - Get Report) designs, markets and distributes electronic cigarettes, vaporizers, e-liquids and accessories primarily in the U.S. and Canada. This stock is trading up 1.7% to $1.19 in Tuesday's trading session.
From a technical perspective, VPCO is spiking modestly higher here right off its 50-day moving average of $1.12 with decent upside volume flows. This stock has been carving out a bottoming chart pattern over the last two months, with shares finding buying interest at $1, $1.01 and $1.04 a share. Following that bottom, shares of VPCO have started to spike higher above those support levels and it's now moving within range of triggering a near-term breakout trade. That trade will hit if VPCO manages to take out Tuesday's intraday high of $1.24 and then once it clears some key near-term overhead resistance at $1.32 with high volume.
Traders should now look for long-biased trades in VPCO as long as it's trending above some key near-term support levels at $1.04 or at $1 and then once it sustains a move or close above those breakout levels with volume that registers near or above 199,013 shares. If that breakout begins soon, then VPCO will set up to re-test or possibly take out its next major overhead resistance levels at $1.54 to $1.56, or even $1.75 to $2. ...alert $ 1.07.....target.... $ 4.00