Traders should now look for long-biased trades in PPP as long as it's trending above $6, and then once it sustains a move or close above those breakout levels with volume that hits near or above 636,076 shares. If that breakout triggers soon, then PPO will set up to re-test or possibly take its next major overhead resistance levels at $7.50 to $7.82. Any high-volume move above those levels will then put PPP's 52-week high of $7.98 into focus.
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.
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