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Builders FirstSource(BLDR) is a supplier and manufacturer of structural and related building products for residential new construction. This stock is trading up 10.8% to $3.90 in recent trading.
Today's Range: $3.52-$3.92
52-Week Range: $1.01-$4.55
Three-Month Average Volume: 339,284
From a technical perspective, BLDR is bouncing strong today right near its 50-day moving average of $3.62 with light volume. This bounce is basically coming after BLDR found some buying interest at $3.50 to $3.42 recently.
Traders should now look for long-biased trades if BLDR can manage to trigger a major near-term breakout trade. That trade will hit once BLDR takes out some overhead resistance at $4.35 to $4.55 with volume. Look for a sustained move or close above those levels that comes with volume that's near or above 339,284 shares. If we get that action soon, look for BLDR to trend towards $5 to $5.30 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.