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7 Stocks Under $10 Making Big Moves

Central European Distribution

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Central European Distribution (CEDC) operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business. This stock is trading up 12.7% at $5.50 in recent trading.

Today's Range: $4.90-$5.77

52-Week Range: $2.75-$12.66

Volume: 1.31 million

Three-Month Average Volume: 1.23 million

>>12 Highest-Rated Consumer Stocks Picked by S&P

From a technical perspective, CEDC is moving sharply higher here right off its 50-day moving average of $4.84, and within range of taking out its 200-day moving average of $5.53 on above average volume. This move is quickly pushing CEDC within range of triggering a near-term breakout trade. That trade will hit once CEDC can sustain a high-volume move or close above some near-term overhead resistance at $5.64 and above its 200-day.

Traders should now look for long-biased trades if CEDC can manage to close above both of those levels today or soon with volume that's near or well above 1.23 million. If we get that action, look for CEDC to hit its next significant overhead resistance levels at $6.38 to $7.50 in the near future.

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