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7 Stocks Under $10 Moving Higher

Longwei Petroleum Investment

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Longwei Petroleum Investment (LPH) is an energy company engaged in the wholesale distribution of finished petroleum products in the People's Republic of China. This stock is trading up 14.1% to $1.62 in recent trading.

Today's Range: $1.48-$1.72

52-Week Range: $0.82-$2.16

Volume: 1.4 million

Three-Month Average Volume: 252,777

>>Best Chinese Stocks for 2012

From a technical perspective, LPH is soaring higher today on very heavy volume. This move is quickly pushing LPH within range of triggering a major breakout trade. That breakout trade will trigger once LPH takes out some overhead resistance at $1.73 to $1.88 with high volume.

Look for volume on a move over those levels that are near or well above 252,777 shares. If we get that action soon, look for LPH to make a run at $2 to $2.30 in the very near future.

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PWAV $0.06 0.00%
LPH $0.62 0.00%
VTG $0.03 34.33%
FRO $8.31 0.00%
AMRN $1.94 0.00%


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