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8 Stocks Under $10 Making Big Moves

Mitel Networks

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Mitel Networks (MITL) is a provider of integrated communications solutions focused on the small- to medium-sized enterprise. This stock is trading up 3.75% to $3.87 in recent trading.

Today's Range: $3.73-$3.95

52-Week Range: $1.92-$5.74

Volume: 21,000

Three-Month Average Volume: 58,179

From a technical perspective, MITL is moving smartly higher today and following through off a recent breakout above some near-term overhead resistance at $3.54.

Traders should continue to look for long-biased trades in MITL as long as this stock continues to trend above $3.54 and close near its daily highs. If we continue to see that action, then look for MITL to tag its next significant overhead resistance at $4.29 in the very near future. Any high-volume move above $4.29 will then setup MITL to re-test $5.

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