4 Under-$10 Stocks Moving Higher
Chiquita Brands International This company (CQB) operates as an international marketer and distributor of bananas and other fresh produce sold under the Chiquita(r) and other brand. This stock is trading up 1.6% to $7.26 in recent trading.
Today's Range: $7.13-$7.70
52-Week Range: $4.62-$10.57
Volume: 500,000
Three-Month Average Volume: 492,546 From a technical perspective, CQB is bouncing modestly higher here right off its 200-day at $7.13 and its 50-day at $7.19 with above-average volume. This move is quickly pushing CQB within range of triggering a major breakout trade. That trade will hit once CQB manages to clear $7.54 to $8.14 with high volume. At last check, CQB has hit an intraday high of $7.70 and volume is just starting to surpass its three-month average action of 492,546 shares. Traders should now look for long-biased trades in CQB as long as it's trending above its 200-day at $7.13, and then once it sustains a move or close above those breakout levels with volume that hits near or above 492,546 shares. If that breakout triggers soon, then CQB will set up to re-test or possibly take out its next major overhead resistance levels at $8.82 to $8.94. Any high-volume move above $8.94 will then put 9.50 to $9.80 into focus for shares of CQB. To see more stocks 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.Follow Stockpickr on Twitter and become a fan on Facebook. At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
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