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LDK Solar(LDK) is a vertically integrated manufacturer of photovoltaic products. This stock is trading up 4.3% to $1.25 in recent trading.
Today's Range: $1.17-$1.27
52-Week Range: $1.16-$6.92
Three-Month Average Volume: 788,920
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technical perspective, LDK is bouncing here off some near-term support and its 52-weeek low of $1.16 with decent volume. This move is quickly pushing LDK within range of triggering a near-term breakout trade. That trade will hit once LDK clears some near-term overhead resistance at $1.31, and then once it takes out its 50-day moving average at $1.45 with high volume.
Traders should now look for long-biased trades in LDK as long as it's trending above $1.16, and then once it sustains a move or close above those breakout levels with volume that's near or above 788,920 shares. If that breakout triggers soon, then LDK will setup to re-test and possibly take out its next major overhead resistance levels at $1.62 to $1.70. Any high-volume move above those levels will then put $1.90 to $2.05 into range for LDK.
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.