Builders FirstSource

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Builders FirstSource ( BLDR) is a supplier and manufacturer of structural and related building products for residential new construction. This stock is trading up 10.8% to $3.90 in recent trading.

Today's Range: $3.52-$3.92

52-Week Range: $1.01-$4.55

Volume: 175,000

Three-Month Average Volume: 339,284

From a technical perspective, BLDR is bouncing strong today right near its 50-day moving average of $3.62 with light volume. This bounce is basically coming after BLDR found some buying interest at $3.50 to $3.42 recently.

Traders should now look for long-biased trades if BLDR can manage to trigger a major near-term breakout trade. That trade will hit once BLDR takes out some overhead resistance at $4.35 to $4.55 with volume. Look for a sustained move or close above those levels that comes with volume that's near or above 339,284 shares. If we get that action soon, look for BLDR to trend towards $5 to $5.30 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 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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