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TheStreet Open House

6 Stocks Under $10 Moving Higher

RiT Technologies

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RiT Technologies (RITT) is a provider of intelligent solutions for infrastructure management, asset management, environment and security, and network utilization. This stock is trading up 20% at $4.92 in recent trading.

Today's Range: $4.73-$5.90

52-Week Range: $1.10-$13.45

Volume: 466,000

Three-Month Average Volume: 21,719

Shares of RITT are soaring today after the company said it will convert an outstanding loan of about $3.2 million into over 636,000 ordinary shares at an average price of $5.09 per share.

>>5 Rocket Stocks Poised for Gains

From a technical standpoint, RIT broke out above two key levels earlier in the trading session when the stock cleared its 200-day moving average of $5.01 and some past overhead resistance at $5.38. That said, the stock has now failed to hold above those levels with shares trading at $4.92 at last check.

Traders should avoid this stock form the long side if it closes near the daily low of $4.65 and if it closes below the 200-day.

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