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Richmont Mines(RIC - Get Report) is engaged in the production of gold from its Beaufor Mine and Island Gold Mine, two of its three material properties. This stock is trading up 4.3% at $4.58 in recent trading.
Today's Range: $4.47-$4.64
52-Week Range: $3.23-$13.40
Three-Month Average Volume: 198,278
>>5 Stocks Under $10 Poised for Breakouts
technical perspective, RIC is moving notably higher here with decent volume. This move is quickly pushing RIC within range of triggering a major breakout trade. That trade will hit once RIC takes out some overhead resistance levels at $4.79 to $4.81 with high volume.
Traders should now look for long-biased trades in RIC once it sustains a move or close above those breakout levels with volume that's near or above 198,278 shares. If that breakout triggers soon, then RIC has a great chance of trending higher towards $5.50 to $6.50 in the near future.