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TheStreet Open House

8 Stocks Under $10 Soaring Higher

Stocks in this article: AVLCHGSARRYZAGGCTHRZOOMACLSVG

Zagg

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Zagg (ZAGG) designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGaudio, and ZAGGskins. This stock is trading up 11.6% at $9.95 in recent trading.

Today's Range: $8.98-$9.85

52-Week Range: $6.23-$17.10

Volume: 2 million

Three-Month Average Volume: 1.1 million

From a technical standpoint, ZAGG has started to spike big today back above its 50-day moving average of $9.25 on heavy volume. The stock has also started to break out above some near-term overhead resistance at $9.68.

Traders should continue to look for long biased trades in ZAGG as long as the sock can close above the 50-day and that $9.68 level. Target a run back toward its 200-day moving average of $11.58 if we get a strong close.

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