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8 Stocks Under $10 Moving Higher

Sky-mobi

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Sky-mobi (MOBI) is a mobile application store in China. Sky-mobi operates mobile social games and provides applications and content with social network functions to its registered members. This stock is trading up 7.4% at $4.06 in recent trading.

Today's Range: $3.72-$4.25

52-Week Range: $2.75-$23.25

Volume: 709,000

Three-Month Average Volume: 186,634

From a technical standpoint, this move in MOBI today is now pushing the stock within range of a major breakout.

Traders should now watch MOBI for long biased trades if the stock can manage to take out $4.19 and then $4.49 on high volume. Look for volume on a sustained move and close above those levels that's near or above 186,634 shares.

If we get that action soon, then look for MOBI to make a run at $5.50 to $6.13, or possibly even its 200-day moving average of $6.46.

I also featured Sky-mobi ahead of its recent earnings report in " 5 Stocks Set to Soar on Bullish Earnings."

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SYM TRADE IT LAST %CHG
DVAX $23.58 0.00%
HNSN $0.92 0.00%
MOBI $4.67 0.00%
MEA $0.38 0.00%
ONCY $0.76 0.00%

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