Platinum Group Metals

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Platinum Group Metals ( PLG) is engaged in the acquisition, exploration and development of Platinum properties with interests in the western and northern limbs of the Bushveld Complex in South Africa and in Ontario, Canada. This stock is trading up 10.9% to $1.52 in recent trading.

Today's Range: $1.32-$1.54

52-Week Range: $0.83-$2.62

Volume: 457,000

Three-Month Average Volume: 191,956

From a technical perspective, PLG is starting to challenge a big breakout today now that this stock is trading within range of overhead resistance levels at $1.52 to $1.56 with big volume. Those resistance levels date back to 2011, so a sustained high-volume move and close above them, should be considered very bullish.

If we get that action today or soon, then look for PLG to trend back toward $1.80 to $2 or possibly much higher in the near future.

To see more stocks under-$10 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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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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