Traders should now look for long-biased trades in PSDV as long as it's trending above today's low at $3.15 or above $3 and then once it sustains a move or close above $3.50 with volume that hits near or above 104,658 shares. If that breakout triggers soon, then PSDV will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.81.

Pretium Resources

Pretium Resources ( PVG) engages in the acquisition and exploration of precious metals projects and gold resources. The company and is based in Vancouver, Canada. This stock is trading up 7.9% to $8.27 in recent trading.

Today's Range: $7.63-$8.43
52-Week Range: $5.39-$15.96
Volume: 206,000
Three-Month Average Volume: 297,184

From a technical perspective, PVG is spiking sharply higher here right above its 50-day moving average at $7.09 with decent upside volume. This move has started to push shares of PVG into breakout territory, since the stock has taken out some near-term overhead resistance levels at $8.02 to $8.26. Shares of PVG are now quickly moving within range of triggering another major breakout trade. That trade will hit if PVG manages to take out some past resistance at $8.69 with high volume.

Traders should now look for long-biased trades in PVG as long as it's trending above $8.02 or above today's low of $7.63, and then once it sustains a move or close above those breakout levels with volume that hits near or above 297,184 shares. If that breakout hits soon, then PVG will set up to re-test or possibly take out its next major overhead resistance levels at $10 to its 200-day moving average at $11.14.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Madison, Wis.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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