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 public void MoveUp()
 {
     MoveItem(-1);
 }

 public void MoveDown()
 {
    MoveItem(1);
 }

 public void MoveItem(int direction)
 {
    // Checking selected item
    if (listBox1.SelectedItem == null || listBox1.SelectedIndex < 0)
        return; // No selected item - nothing to do

    // Calculate new index using move direction
    int newIndex = listBox1.SelectedIndex + direction;

    // Checking bounds of the range
    if (newIndex < 0 || newIndex >= listBox1.Items.Count)
        return; // Index out of range - nothing to do

    object selected = listBox1.SelectedItem;

    // Removing removable element
    listBox1.Items.Remove(selected);
    // Insert it in new position
    listBox1.Items.Insert(newIndex, selected);
    // Restore selection
    listBox1.SetSelected(newIndex, true);
}