Central European Media Enterprises
52-Week Range: $2.60-$7.92
Three-Month Average Volume: 771,930 >>5 Stocks Under $10 Set to Soar From a technical perspective, CETV is trending sharply higher here back above its 50-day moving average at $3.47 with lighter-than-average volume. This move is quickly pushing shares of CETV within range of triggering a major breakout trade, which will hit if CETV manages to take out some near-term overhead resistance levels at $3.51 to $3.66 and then once it clears more key resistance at $3.89 with high volume. At last check, CETV has hit an intraday high of $3.58 and volume is well below its three-month average action of 711,930 shares. Traders should now look for long-biased trades in CETV as long as it's trending above its 50-day at $3.47 or above some more key near-term support at $3.25, and then once it sustains a move or close above those breakout levels with volume that hits near or above 771,930 shares. If that breakout triggers soon, then CETV will set up to re-test or possibly take out its next major overhead resistance levels at $4.45 to $4.68. Any high-volume move above those levels will then put its next major overhead resistance levels at $4.75 to $5 into range for shares of CETV. 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.
Twitter and become a fan on Facebook.