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Exceed ( EDS) designs, develops and wholesales footwear, apparel and accessories under the Xidelong brand name. This stock is trading up 7.2% to $2.67 in recent trading.

Today's Range: $2.40-$2.81

52-Week Range: $1.80-$6.02

Volume: 84,000

Three-Month Average Volume: 64,916

From a technical perspective, EDS is continuing to see upside momentum here, after the stock closed back above its 50-day moving average of $2.35 on Thursday. As long as EDS continues to trend above its 50-day with strong upside volume flows, then this stock has a great chance of heading much higher.

I would consider any upside volume day that registers near or above 64,916 shares as bullish. At last check, EDS has hit an intraday high of $2.81 and volume is above its three-month average with over 84,000 shares traded. Some potential upside targets are resistance at $3, or its 200-day moving average of $3.72. Keep in mind that a high-volume move or close over $3 will increase the probability of $3.72 getting hit soon.

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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