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>>5 Toxic Stocks You Need to Sell
From a technical perspective, PDII trended higher here right above some near-term support at $4.08 and back above its 50-day moving average at $4.41 with above-average volume. This move is quickly pushing shares of PDII within range of triggering a major breakout trade, which will hit if PDII manages to take out some near-term overhead resistance levels at $4.60 to $4.77 and then once it clears more resistance around $5 with high volume.
Traders should now look for long-biased trades in PDII as long as it's trending above some near-term support at $4.08 and then once it sustains a move or close above those breakout levels with volume that hits near or above 57,556 shares. If that breakout triggers soon, then PDII will set up to re-test or possibly take out its next major overhead resistance levels at $5.99 to its 200-day at $6.37.
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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