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TheStreet Open House

8 Stocks Under $10 Soaring Higher

China GengSheng Minerals

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China GengSheng Minerals (CHGS) develops, manufactures and markets a range of industrial material products, including monolithic refractories, industrial ceramics, fracture proppants and fine precision abrasives. This stock is trading up 4.8% at $1.09 in recent trading.

Today's Range: $1.05-$1.15

52-Week Range: $0.63-$4.25

Volume: 420,000

Three-Month Average Volume: 125,118

From a technical standpoint, CHGS is trading very close to triggering a major breakout here if the stock can manage to move above $1.19. At last check, the stock hit a daily high today of $1.15, and the volume is well above its average action.

>>5 Stocks Setting Up to Break Out

Market players should now look to play the breakout if CHGS clears $1.19 soon. A high-volume move above that level should set this stock up for a run towards its 200-day moving average of $1.45, or possibly much higher.

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