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Ballard Power Systems(BLDP - Get Report) is engaged in design, development, manufacture, sale and service of fuel cell products for a variety of applications, focusing on motive power (material handling and buses) and stationary power (back-up power and distributed generation). This stock is trading up 9.5% to $1.39 in recent trading.
Today's Range: $1.30-$1.43
52-week Range: $1.10-$2.51
Three-Month Average Volume: 188,737
From a technical perspective, BLDP is starting to trigger a breakout trade today now that the stock is moving above its 200-day moving average of $1.41 and some past overhead resistance at $1.40 on high-volume.
Traders should now look for a sustained high-volume move and close above those levels to signal that BLDP wants to trend higher. If we get that action today, then watch for BLDP to trigger its next major breakout above $1.51 to $1.53.
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.