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7 Stocks Under $10 Moving Higher


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Powerwave (PWAV) designs, manufactures, and markets end-to-end wireless solutions for wireless communications networks worldwide. This stock is trading up 13.9% to $1.97 in recent trading.

Today's Range: $1.73-$2.05

52-Week Range: $1.12-$24.35

Volume: 1.58 million

Three-Month Average Volume: 782,159

From a technical perspective, PWAV has started to flirt with a breakout trade today since the stock briefly crossed above some near-term overhead resistance at $2.04 with high-volume. Traders should continue to look for long biased trades if PWAV can manage to close near its daily high of $2.05.

If we get that action, then look for PWAV to trigger its next major breakout once it clears $2.17 with volume. Look for volume that's near or well above 782,159 shares. This stock could easily tag $2.60 to $2.95 if those levels resistance levels are taken out with high-volume soon.

PWAV shows up on a list of 6 Tech Stocks to Avoid in 2012.

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PWAV $0.06 0.00%
LPH $0.62 0.00%
AMRN $1.85 0.00%
FRO $8.46 -4.51%
VTG $0.03 34.33%


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