Great Basin Gold (GBG)
52-week Range: $0.48-$2.37
Three-Month Average Volume: 1,642,520 From a technical perspective, GBG is moving modestly higher here on above-average volume. This move is a continuation of momentum from Monday after GBG closed above its 50-day moving average of 65 cents on above-average volume. Traders should now look for long-biased trades once GBG manages to trigger a near-term breakout trade. That trade will hit once GBG takes out some near-term overhead resistance at 74 cents to 78 cents, with above-average volume. Look for a sustained move or close above those levels with volume that's near or above 1,642,520 shares. If we get that action today or soon, then I would look for GBG to trade up toward its next significant overhead resistance levels at 93 cents to 98 cents, or even possibly its 200-day moving average of $1.15.