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Noah(NOAH - Get Report)
This company, through its subsidiaries is a service provider focusing on distributing wealth management products to the high-net-worth population in the People's Republic of China. This stock is trading up 14% to $6.65 in recent trading.
Friday's Range: $5.84 to $6.69
52-week Range: $5.73 to $18.45
Three-Month Average Volume: 130,352
From a technical standpoint, NOAH is quickly approaching a big breakout if this stock can manage to take out $6.55 and then its 50-day moving average of $7 in the near future. Volume Friday was strong and this stock traded as high as $6.70 before closing at $6.48. Market players should now look for a sustained high-volume move or close above $6.55 and $7 to trigger a breakout trade. Some potential upside targets if we get the breakout are $7.50 to $9. Look for volume that registers near or above 130,352 shares. Traders should look for long-biased trades once NOAH clears the 50-day with volume, and as long as it stays above that level once it's cleared.
To see more stocks under-$10 that are making notable moves higher, check out the
Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.