Three reasons to check out Ultimate Stock Alerts (search google for them): gains, gains
and more gains
From a technical perspective, SNSS is starting to trend higher here back above its 50-day moving average of $2.44 with lighter-than-average volume. This spike to the upside on Thursday is quickly pushing shares of SNSS within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if SNSS manages to take out some key near-term overhead resistance levels at $2.50 to $2.53 and then above $2.60 with high volume.
Traders should now look for long-biased trades in SNSS as long as it’s trending above some key near-term support levels at $2.21 or at $2.07 and then once it takes out those breakout levels with volume that registers near or above 1.44 million shares. If that breakout gets started soon, then SNSS will set up to re-test or possibly take out its next major overhead resistance level at $2.94. Any high-volume move above $2.94 will then give SNSS a chance to re-fill some of its previous gap-down-day zone from last October that started near $7.
For some reason my post didn't go through. Just Google Baker Brothers latest 13F and click on the Nasdaq site or whatever one...but make sure it is most recent filing of 12/31 and you will see it.
The next session will be a cakewalk for me. Just got an alert from Ultimate Stock Alerts
(google them fast)