FreeSeas, Inc. FREE
FREE set off our volume scanners yesterday, a stock that had recently been trading in the .17-.26 range until a surge of buying pushed it through a triple top, breaking recent resistance at the 50DMA with authority.
Whenever our searches turn up a momentous play like this one, we have to give it our attention. As we pointed out on the chart below, the next areas of resistance come at .33 and .38, and other indicators appear to be favorable. FREE is definitely going to be on our watchlists as we cruise into midweek.
Extended Watchlist:
PLUG, INO, DRYS, LLEN, NEWL, NVIV