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From a technical perspective, CSUN is ripping here back above its 50-day moving average of $1.51 with above average volume. This move is quickly pushing CSUN within range of triggering a near-term breakout trade. That trade will hit once CSUN takes out some near-term overhead resistance at $1.58 to $1.75 with high-volume.
Traders should now look for long-biased trades in CSUN as long as its trending above its 50-day, and once it sustains a move or close above $1.58 to $1.75 with volume that's near or above 37,872 shares. If we get that action soon, then CSUN could make a run at $1.96 to its 200-day moving average of $2.26. Amyris
Amyris (AMRS) is an integrated renewable products company, provides alternatives to a range of petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. This stock is trading up 5.7% to $3.30 in recent trading.
Today's Range: $3.02-$3.45
52-Week Range: $1.57-$30.78
Volume: 763,000
Three-Month Average Volume: 644,358