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TheStreet Open House

8 Stocks Under $10 Soaring Higher

Axcelis Technologies

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Axcelis Technologies (ACLS) designs, manufactures and services ion implantation, dry strip and other processing equipment used in the fabrication of semiconductor chips. This stock is trading up 5.8% to $1.82 in recent trading.

Today's Range: $1.72-$1.87

52-Week Range: $1.00-$3.65

Volume: 746,000

Three-Month Average Volume: 779,242

From a technical standpoint, ACLS is spiking sharply higher today right near some previous support levels at $1.71 on decent volume. Market players should now watch for a big breakout to trigger for ACLS if this stock can manage to clear some past overhead resistance at $2.04 to $2.07 with volume.

>>Goldman Sachs' 7 Semiconductor Picks

Look for volume on a move above those levels that's near or well above 779,242 shares. If we get that action, then ACLS has a great chance to trade up towards its next significant overhead resistance levels at $2.59 to $2.69, or possibly even higher.

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