Here are three stocks on the move poised to rise higher.
Lattice Semiconductor Corp. LSCC, +3.38% jumped 90 cents to $20.10 on 2.1 million shares traded Tuesday. The move, on nearly double the average volume, came on no news from the low-power programmable provider. The stock has been in a sideways consolidation since August after a huge eight-month run-up from under $6 to over $21, and appears poised to run again. Watch for a break through the current trend line, which could lead to $27.
O-I Glass Inc. OI, +1.95% popped 70 cents to $13.36 on 4.5 million shares traded Tuesday. On Monday the producer of glass containers announced its wholly owned subsidiary filed for Chapter 11 bankruptcy to resolve asbestos-related claims. The stock has been steadily climbing from below $9 in November, and this week’s breakout took it above key lateral resistance. Watch for a move next to test the gap just under $15 from late July’s drop.
WW International Inc. WW, +11.33% advanced $1.90 to $41.04 on 4.3 million shares traded Tuesday, continuing the rally from Monday. Oprah Winfrey, who is a major shareholder in the weight-management-services company, kicked off her nine-arena tour this past weekend, called “Oprah’s 2020 Vision: Your Life in Focus,” presented with the company. The stock has bounced off the bottom of its ascending channel, and is now approaching lateral resistance at $44.25. A move through there could accelerate the stock to $54.
See Harry’s video-chart analysis on these stocks.
The writer has no holdings in any securities mentioned.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis and live chart presentations.