This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Leap Wireless International(LEAP) is a wireless communications carrier that offers digital wireless services in the U.S. under the Cricket brand. This stock is trading up 2.6% at $6.89 in recent trading.
Today's Range: $6.69-$7.12
52-Week Range: $4.28-$11.30
Three-Month Average Volume: 2.1 million
>>3 Tech Stocks That Hedge Funds Are Buying
From a technical perspective, LEAP is pushing higher here with lighter volume. This move is quickly pushing LEAP within range of triggering a near-term breakout trade. That trade will hit once LEAP manages to take out some near-term overhead resistance levels at $6.92 to its 200-day moving average of $7.32 with high volume.
Traders should now look for long-biased trades in LEAP as long as it's trending above $6.50, and then once it sustains a move or close above those breakout levels with volume that's near or above 2,085,050 shares. If that breakout triggers soon, then LEAP will setup to re-test or possibly take out its next major overhead resistance levels at $8.50 to $8.75.
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.