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8 Stocks Under $10 Making Big Moves

China Automotive Systems

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China Automotive Systems (CAAS) is engaged in the manufacture and sale of automotive systems and components. This stock is trading up 4.8% to $7.34 in recent trading.

Today's Range: $7.05-$7.42

52-Week Range: $3.23-$11.59

Volume: 122,000

Three-Month Average Volume: 88,938

>>5 Cheap Stocks for an Auto Industry Renaissance

From a technical perspective, CAAS is following through to the upside today after the stock recently broke out above some near-term overhead resistance levels at $6.65 to $6.75 with strong volume. Volume is once again strong today as CAAS continues to trend above those breakout levels.

Traders should continue to look for long-biased trades in CAAS as long as its trending above those key breakout levels with strong upside volume flows. If we continue to see that price action, then look for CAAS to hit its next significant overhead resistance levels at $8 to $9 in the very near future.

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