Exceed Co Ltd (EDS)

[realfast95]

Stockpicker (The Street.com) mentioned EDS on Friday

http://www.stockpickr.com/4-stocks-under-5-making-big-moves.html?puc=yahoo&cm_ven=YAHOO

Exceed

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.