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Tuesday, May 07, 2013 3:46:27 PM
By Roberto Pedone
Senior Contributor
05/07/13 - 02:27 PM EDT
http://www.stockpickr.com/5-stocks-under-10-ripping-higher.html?puc=yahoo&cm_ven=YAHOO
Reeds
Reeds (REED) develops, manufactures, markets and sells natural non-alcoholic and "new age" beverages, candies and ice creams. This stock is trading up 11.2% to $4.61 in recent trading.
Today's Range: $4.13-$4.61
52-Week Range: $2.21-$8.82
Volume: 105,000
Three-Month Average Volume: 60,349
Shares of REED are ripping higher today after the company said first-quarter revenues for 2013 increased by 24% to over $8 million from $6.5 million in the first quarter of 2012.
>>5 Hated Earnings Stocks That Deserve Your Love
From a technical perspective, REED is trending higher here back above its 50-day moving average at $4.24 with above-average volume. This stock has been trending sideways for the last month and change, with shares moving between $3.80 on the downside and $4.75 on the upside. Shares of REED are now quickly moving within range of triggering a breakout trade above the upper-end of its recent range. That breakout will hit if REED clears some near-term overhead resistance levels at $4.47 to $4.75 with high volume.
Traders should now look for long-biased trades in REED as long as it's trending above today's low of $4.13 and then once it sustains a move or close above those breakout levels with volume that hits near or above 60,349 shares. If that breakout hits soon, then REED will set up to re-test or possibly take out its next major overhead resistance levels at $5.60 to $6.
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Recent REED News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 01:15:14 AM
- Reed’s Unveils New Virgil’s 12oz Can Format in Sprouts Farmers Market • GlobeNewswire Inc. • 05/29/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:00:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 07:46:19 PM
- Reed’s Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/14/2024 08:05:00 PM
- Reed’s Schedules First Quarter 2024 Conference Call for May 14 at 5:00 p.m. ET • GlobeNewswire Inc. • 04/30/2024 12:30:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 04/04/2024 10:10:46 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 04/03/2024 01:28:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/02/2024 09:19:32 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 04/02/2024 08:31:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/02/2024 08:29:16 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/01/2024 09:19:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/28/2024 08:58:10 PM
- Reed’s Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook • GlobeNewswire Inc. • 03/28/2024 08:15:54 PM
- Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:51:56 PM
- Reed’s Announces Limited Waiver and Amendment with its Secured Note Holder, Closing of a $3.8 Million SAFE and Planned Rights Offering to Stockholders • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Reed’s Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/09/2023 09:05:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 11/02/2023 08:30:09 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/02/2023 12:45:12 PM
- Reed’s Schedules Third Quarter 2023 Conference Call for November 10 at 8:30 a.m. ET • GlobeNewswire Inc. • 10/30/2023 12:30:00 PM
- Reed’s Appoints Joann Tinnelly as Chief Financial Officer • GlobeNewswire Inc. • 10/26/2023 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/23/2023 08:15:24 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/28/2023 05:36:40 PM
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