After recapturing its 200 DMA back in March, SMITH MICRO SOFTWARE INC - NASDAQ:SMSI has found itself trading within a define channel between the $2.80 and 3.40ish levels as we can observe from the Daily chart above.
In addition, SMSI also continues to trade above all of its important moving averages 20/50/200 DMA's, which depicts a favorable technical picture.
Moving forward, both investors/traders may want to continue to monitor the action closely in SMSI for if the stock is capable of clearing the $3.50 level, such development would likely trigger its next advance into the $3.90 area and if that figure were to be 'taken out', we suspect that the stock has a 5-handle written all over it.
Nonetheless, SMSI continues to demonstrate favorable technical characteristics and investors/traders may want to put the name front-and-center on their radars.