In today's article by theStreet titled "5 Stocks Under $10 Making Big Moves" by Roberto Pedone, theStreet says "STSI within range of triggering a major breakout" on page 3 of the article.
Its make or break time. Needs to break the downtrend line in order to get some short covering. Watch for volume over mid $1.60s
Curious lazylandlord, from one landlord to another, what makes you lazy or is that just a fun monicor?
lolol, rick, to many we are just lazy #$%$ when actually many landlords are very nice people that are in the rental business as a small investment or in some cases as a means to actually afford living space for themselves by sharing expenses with a tenant. The name is just a fun play on words, so to speak, but, I am a landlord and very proud of my multi-family properties. I have no services doing anything, I'm one of those that do everything, in fact, I'm off to cut the lawns right now.
Have a great day.
From rant-to-rave theStreet is all about making noise for their self-serving purposes. Today, on CNBC, Jim Cramer said "To the Moon, Alice, I wouldn't short that stock" and that is just typical when he's long on a stock.
Star Scientific (STSI) is a technology-oriented company with a mission to promote maintenance of a healthy metabolism and lifestyle. This stock closed up 6.9% to $1.53 on Thursday.
Thursday's Range: $1.40-$1.53
52-Week Range: $1.15-$5.05
Volume: 1.41 million
Three-Month Average Volume: 1.44 million
3 Health Care Stocks Under $10 to Watch
From a technical perspective, STSI bounced strongly higher here right off its 50-day moving average of $1.40 with decent upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $1.15 to its recent high of $1.63. During that uptrend, shares of STSI have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of STSI within range of triggering a major breakout trade. That trade will hit if STSI manages to take out some near-term overhead resistance levels at $1.55 to $1.63 and then once it clears some past resistance at $1.73 with high volume.
Traders should now look for long-biased trades in STSI as long as it's trending above its 50-day at $1.40 or above some more key support at $1.31, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.44 million shares. If that breakout triggers soon, then STSI will set up to re-test or possibly take out its next major overhead resistance levels at $2 to $2.13. Any high-volume move above those levels will then put its 200-day at $2.44 into range for shares of STSI.