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Rediff.com(REDF - Get Report), along with its subsidiaries, is engaged in the business of providing online Internet-based services, focusing on India and the global Indian community. This stock,
rated D+ sell by TheStreet Ratings, is trading up 10.7% to $8.51 in recent trading.
Today's Range: $7.76-$8.72
52-Week Range: $4.89-$17.98
Three-Month Average Volume: 454,586
From a technical standpoint, REDF has started to trade back above its 50-day moving average of $8.26 today on decent volume. The stock has also started to break out here above some near-term overhead resistance at $7.90.
Traders should watch for this stock to close near its daily highs and above the 50-day to signal that the stock wants to trend higher. The next major breakout level will hit once REDF takes out its 200-day moving average of $9.03 with volume. Look for volume that's near or above 454,586 if that level is taken out to the upside.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.