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Central European Media Enterprises(CETV - Get Report) is a media and entertainment company operating broadcast, content and new media businesses in Central and Eastern Europe. This stock closed up 4.6% to $6.93 in recent trading.
Thursday's Range: $6.64-$6.98
52-Week Range: $4.63-$12.34
Three-Month Average Volume: 251,342
>>5 Stocks Under $10 Set to Soar
From a technical perspective, CETV bounced strong right off its 200-day moving average at $6.57 with light volume. This move came after a number of trading sessions that saw the stock trend right around its 200-day. This move is quickly pushing CETV within range of a major breakout trade.
Traders should now look for long-biased trades in CETV as long as it's trending above $6.57, and then once it sustains a move or close above some overhead resistance at $7.92 with high volume. Look for volume on that move that hits near or above its three-month average action of 251,342 shares. If that breakout triggers soon, then look for CETV to potentially tag its next significant overhead resistance level at $10.10.