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Platinum Group Metals(PLG) is engaged in the acquisition, exploration and development of Platinum properties with interests in the western and northern limbs of the Bushveld Complex in South Africa and in Ontario, Canada. This stock is trading up 10.9% to $1.52 in recent trading.
Today's Range: $1.32-$1.54
52-Week Range: $0.83-$2.62
Three-Month Average Volume: 191,956
From a technical perspective, PLG is starting to challenge a big breakout today now that this stock is trading within range of overhead resistance levels at $1.52 to $1.56 with big volume. Those resistance levels date back to 2011, so a sustained high-volume move and close above them, should be considered very bullish.
If we get that action today or soon, then look for PLG to trend back toward $1.80 to $2 or possibly much higher in the near future.
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.