Verso Paper

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Verso Paper ( VRS) is a supplier of coated papers to catalog and magazine publishers. This stock is trading up 9.6% to $1.77 in recent trading.

Today's Range: $1.64-$1.90

52-Week Range: $0.85-$5.44

Volume: 334,000

Three-Month Average Volume: 194,560

From a technical perspective, VRS is ripping higher today on heavy volume, and the stock is challenging its 200-day moving average of $1.74.

Traders should continue to look for long-biased trades in VRS as long as this stock can manage to close above that 200-day moving average and near its daily highs. If we get that action, then look for VRS to make a run at $2.20 or higher in the near-term.

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 Beconequity.com and maintains the website Maddmoney.net, 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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