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7 Stocks Under $10 Making Big Moves

Sino Clean Energy

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Sino Clean Energy (SCEI) is a holding company, which through its subsidiaries, is a third-party commercial producer and distributor of coal-water slurry fuel in the People's Republic of China. This stock is trading up 3.7% to $2.19 in recent trading.

Today's Range: $2.08-$2.42

52-Week Range: $0.65-$4.79

Volume: 771,000

Three-Month Average Volume: 782,343

>>5 Foreign Stocks With Breakout Potential

From a technical perspective, SCEI is bouncing today right around some previous support at $2.07 with decent volume.

Traders should now only consider long biased trades in SCEI if it can manage to sustain a high-volume move and close over today's high of $2.42. I would avoid any long trades in SCEI if it drops back below its 50-day moving average of $1.98 with heavy volume. Look for volume on a move over $2.42 that's near or well above 782,343 shares.

If we get that action soon, look for SCEI to make a run at $3 to $3.20 in the near future.
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OCZ $0.00 0.00%
SCEI $0.05 0.00%
ARRY $3.15 -4.83%
OMN $6.99 0.00%
VRNG $2.13 9.79%


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