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Euroseas ( ESEA), a provider of worldwide ocean-going transportation services, owns and operates drybulk carriers, containerships and multipurpose vessels. This stock is trading up 5.8% to $1.27 in recent trading.

Today's Range: $1.21-$1.36

52-Week Range: $1.01-$3.30

Volume: 327,000

Three-Month Average Volume: 69,459

>>5 Stocks Under $10 Set to Soar

From a technical perspective, ESEA is ripping higher here right off some near-term support at $1.20 with heavy upside volume. This move has briefly pushed ESEA into breakout territory, since the stock has challenged some near-term overhead resistance at $1.30 to $1.35.

Traders should now look for long-biased trades in ESEA as long as it's trending above those breakout levels with strong upside volume flows. I would consider any upside volume day that registers near or above 69,459 shares as bullish. If ESEA can maintain that trend, then it has a chance to re-test or possibly take out its 200-day moving average of $1.70 in the near future.

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