Cresud (CRESY) is an Argentina-based company engaged in production of basic agricultural commodities and also involved in development and sale of properties. The stock is trading up 10.8% at $12.99 in recent trading.
Today's Volume: 375,000Average Volume: 150,031 Volume % Change: 405% From a technical perspective, CRESY is gapping higher today back above both its 50-day and 200-day moving averages with high-volume. This move has now pushed CRESY within range of triggering a big breakout trade. That breakout trade will hit once CRESY takes out some near-term overhead resistance at $13.57 to $13.65 with volume. Look for volume on that move that's near or well above 150,031 shares. If we get that action soon, then look for CRESY to challenge $14.50 to $16 in the near future. Cresud is one of Mohnish Pabrai's holdings, as of the most recently reported period.
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