Traders should now look for long-biased trades in BLDR as long as it's trending above its 50-day at $5.10, and then once it sustains a move or close above $5.36 to $5.46 with volume that hits near or above 389,384 shares. If that breakout triggers soon, then BLDR will set up to re-test or possibly take out its 52-week high of $6.05. Any move above $6.05 will then push BLDR into new 52-week high territory, which is bullish technical price action. Some possible upside targets off that move are $6.50 to $7.
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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