Traders should now look for long-biased trades in PSDV as long as it's trending above today's low at $3.15 or above $3 and then once it sustains a move or close above $3.50 with volume that hits near or above 104,658 shares. If that breakout triggers soon, then PSDV will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.81.
Pretium Resources (
PVG) engages in the acquisition and exploration of precious metals projects and gold resources. The company and is based in Vancouver, Canada. This stock is trading up 7.9% to $8.27 in recent trading.
Today's Range: $7.63-$8.43
52-Week Range: $5.39-$15.96
Three-Month Average Volume: 297,184
From a technical perspective, PVG is spiking sharply higher here right above its 50-day moving average at $7.09 with decent upside volume. This move has started to push shares of PVG into breakout territory, since the stock has taken out some near-term overhead resistance levels at $8.02 to $8.26. Shares of PVG are now quickly moving within range of triggering another major breakout trade. That trade will hit if PVG manages to take out some past resistance at $8.69 with high volume.
Traders should now look for long-biased trades in PVG as long as it's trending above $8.02 or above today's low of $7.63, and then once it sustains a move or close above those breakout levels with volume that hits near or above 297,184 shares. If that breakout hits soon, then PVG will set up to re-test or possibly take out its next major overhead resistance levels at $10 to its 200-day moving average at $11.14.
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 Madison, Wis.
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