Traders should now look for long-biased trades in DRRX after earnings as long as it's trending above its 200-day at $1.05 and then once it sustains a move or close above $1.25 with volume that hits near or above 384,381 shares. If that breakout hits after earnings, then look for DRRX to re-test or possibly take out its next major overhead resistance levels at $1.42 to $1.71. Any move above $1.71 should be considered very bullish, since it will push DRRX into new 52-week high territory.
Today's Range: $2.71-$3.2352-Week Range: $1.90-$7.28 Volume: 3.56 million Three-Month Average Volume: 3.10 million From a technical perspective, RSH is bouncing higher here right off its 50-day moving average at $2.66 and back above its 200-day moving average at $2.97 with above-average volume. This move is quickly pushing shares of RSH within range of triggering a major breakout trade. That trade will hit if RSH manages to take out some near-term overhead resistance levels at $3.30 to $3.58 and then once it takes out some past resistance at $3.67 with high volume. Traders should now look for long-biased trades in RSH as long as it's trending above its 200-day at $2.97, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.10 million shares. If that breakout triggers soon, then RSH will set up to re-test or possibly take out its next major overhead resistance levels at $4.17 to $4.49. Any high-volume move above $4.49 will then put $$5 into range for shares of RSH. 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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