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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
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.