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8 Stocks Under $10 Making Big Moves

Stocks in this article: SQNMXIDEGTERTKCEDCMAGSSHIPANAD

Seanergy Maritime

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Seanergy Maritime (SHIP) is an international provider of dry bulk marine transportation services. This stock is trading up 10% at $4.16 in recent trading.

Today's Range: $3.84-$4.75

52-Week Range: $1.96-$9

Volume: 180,000

Three-Month Average Volume: 38,007

>>5 Big Stocks to Trade for Gains

From a technical perspective, SHIP has started to flirt with a major breakout trade today now that this stock has challenged some near-term overhead resistance at $4.33 and some past overhead resistance at $4.71 with heavy volume. At last check, SHIP has hit an intraday high of $4.75 but has now pulled back to around $4.20.

Traders should now look for long-biased trades if SHIP can manage to close strong near its daily highs, and if it continues to trend above $4.33 to $4.71 with bullish upside volume flows. If we get that action, then look for SHIP to potentially make a run at its next significant overhead resistance level of $7.63 in the near future.

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