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Daqo New Energy(DQ - Get Report) manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. This stock is trading up 6.9% to $1.69 in recent trading.
Today's Range: $1.57-$1.70
52-Week Range: $1.41-$14.97
Three-Month Average Volume: 228,916
From a technical standpoint, DQ is
nearing a big breakout if the stock can manage to sustain a move and close above some near-term overhead resistance at $1.80 on heavy volume. A high-volume move above that level and then $1.99 should set this stock up to re-test $2.35 to $2.43 (50-day moving average.
Market players should look for volume on any close above $1.80 to $1.99 that's near or above 228,916 shares.
To see more stocks under-$10 that are making notable moves higher today, check out the
Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.