the street

Thursday's Range: $4.36-$4.73
52-Week Range: $1.81-$6.50
Thursday's Volume: 1.56 million
Three-Month Average Volume: 726,132

From a technical perspective, PRAN bounced higher here right off its 50-day moving average of $4.35 with heavy upside volume. This move is quickly pushing shares of PRAN within range of triggering a near-term breakout trade. That trade will hit if PRAN manages to take out Thursday's high of $4.73 to some near-term overhead resistance at $4.87 with high volume.

Traders should now look for long-biased trades in PRAN as long as it's trending above its 50-day at $4.35 and then once it sustains a move or close above those breakout levels volume that hits near or above 726,132 shares. If that breakout hits soon, then PRAN will set up to re-test or possibly take out its next major overhead resistance levels at $5.59 to its 52-week high at $6.50.