5 Stocks Under $10 Making Big Moves
Quest Rare Minerals
Quest Rare Minerals (QRM) is an exploration stage company, engages in the identification and discovery of rare earth deposits in Canada. This stock is trading up 3.1% to $1.30 in recent trading.
Today's Range: $1.26-$1.31
52-Week Range: $1.14-$5.12 Volume: 48,000 Three-Month Average Volume: 132,942 From a technical perspective, QRM is moving notably higher here right off some near-term support at $1.20 with light volume. This move is quickly pushing QRM within range of triggering a near-term breakout trade. That trade will hit once QRM takes out some near-term overhead resistance at $1.39, and then once it clears its 50-day moving average of $1.49 with high volume. Traders should now look for long-biased trades as long as QRM is trending above $1.20 to $1.18, and then once it clears $1.39 to $1.49 with heavy volume. Look for volume off a sustained move or close above those levels that's near or above 132,942 shares. If we get that breakout soon, then look for QRM to re-test or possibly take out its next major overhead resistance levels at $1.60 to $1.81, or maybe even $1.90 to $2.20. 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.Follow Stockpickr on Twitter and become a fan on Facebook.
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