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6 Stocks Under $10 Soaring Higher

SemiLEDs

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SemiLEDs (LEDS) develops, manufactures and sells light emitting diode chips and LED components. This stock is trading up 22.3% at $3.94 in recent trading.

Today's Range: $3.33-$3.93

52-Week Range: $2.60-$29.66

Volume: 283,000

Three-Month Average Volume: 91,213

From a technical standpoint, LEDS triggered a big breakout today after the stock took out some near-term overhead resistance at $3.27 to $3.29 with monster volume.

Traders should now watch for the next breakout to trigger once LEDS takes out $4 on a closing basis with volume. Look for volume that's tracking in near or above 91,213 on a move over $4 to signal that this stock wants to re-test its next significant overhead resistance level at $4.51.

Stock quotes in this article: LEDS, CWCO, END, BONE, HDY, DQ 

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