RIBT-The Street---4 Stocks Under $10 Moving Higher
Post# of 63704
Posted On: 09/19/2014 9:29:19 AM
RIBT-The Street---4 Stocks Under $10 Moving Higher Into Breakout Territory
http://www.thestreet.com/story/12885452/2/4-s...itory.html
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RiceBran Technologies
RiceBran Technologies (RIBT_) , a human food ingredient and animal nutrition company, is engaged in the processing and marketing of healthy, natural, and nutrient dense products that are derived from rice bran. This stock closed up 4.7% to $5.34 in Thursday's trading session.
Thursday's Range: $5.02-$5.39
52-Week Range: $3.56-$14.000
Thursday's Volume: 223,000
Three-Month Average Volume: 109,502
From a technical perspective, RIBT ripped higher here back above both its 50-day moving average at $5.16 and its 200-day moving average at $5.26 with above-average volume. This sharp move to the upside is now quickly pushing shares of RIBT within range of triggering a major breakout trade. That trade will hit if RIBT manages to take out Thursday's intraday high of $5.39 to its recent gap-down-day high of $5.64 with high volume.
Traders should now look for long-biased trades in RIBT as long as it's trending above some near-term support levels at $5 or at $4.84 and then once it sustains a move or close above those breakout levels with volume that hits near or above 109,502 shares. If that breakout hits soon, then RIBT will set up to re-fill some of its previous gap-down-day zone from earlier this month that started at $6.90.
http://www.thestreet.com/story/12885452/2/4-s...itory.html
Page 2---
RiceBran Technologies
RiceBran Technologies (RIBT_) , a human food ingredient and animal nutrition company, is engaged in the processing and marketing of healthy, natural, and nutrient dense products that are derived from rice bran. This stock closed up 4.7% to $5.34 in Thursday's trading session.
Thursday's Range: $5.02-$5.39
52-Week Range: $3.56-$14.000
Thursday's Volume: 223,000
Three-Month Average Volume: 109,502
From a technical perspective, RIBT ripped higher here back above both its 50-day moving average at $5.16 and its 200-day moving average at $5.26 with above-average volume. This sharp move to the upside is now quickly pushing shares of RIBT within range of triggering a major breakout trade. That trade will hit if RIBT manages to take out Thursday's intraday high of $5.39 to its recent gap-down-day high of $5.64 with high volume.
Traders should now look for long-biased trades in RIBT as long as it's trending above some near-term support levels at $5 or at $4.84 and then once it sustains a move or close above those breakout levels with volume that hits near or above 109,502 shares. If that breakout hits soon, then RIBT will set up to re-fill some of its previous gap-down-day zone from earlier this month that started at $6.90.
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