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NQ Mobile(NQ - Get Report) is a global provider of mobile Internet services focusing on security, privacy and productivity. NQ Mobile is a provider of Freemium subscription services with approximately 172 million registered user accounts in over 150 countries. This stock is trading up 7% to $7.60 in recent trading.
Today's Range: $7.20-$7.78
52-Week Range: $3.46-$12.70
Three-Month Average Volume: 383,141
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From a technical perspective, NQ is gapping higher here with decent volume. This move is quickly pushing the stock within range of taking out both its 200-day moving average at $7.73 and its 50-day moving average at $7.84.
Traders should now look for long-biased trades once NQ sustains a move or close above both of those levels with volume that's near or above 383,141 shares. If we get that action soon, then NQ has a chance of trending higher towards its next significant overhead resistance levels at $8.50 to $9.48.
On the flipside, I would simply avoid NQ or look for short-biased trades if it fails to take those key moving averages out soon with high volume.