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8 Stocks Under $10 Moving Higher

NewLead

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NewLead (NEWL) is an international shipping company engaged in the transportation of refined products, such as gasoline and jet fuel, and dry bulk goods, such as iron ore, coal and grain. This stock is trading up 10% at $3.24 in recent trading.

Today's Range: $3.04-$3.70

52-Week Range: $0.40-$5.23

Volume: 305,000

Three-Month Average Volume: 122,940

>>8 Stocks Rising on Monster Volume

From a technical perspective, NEWL is ripping higher today on above-average volume. This move has briefly pushed the stock into breakout territory since it crossed some near-term overhead resistance at $3.55. At last check, the stock has pulled back off that level and is now trading near $3.25.

Traders should now look for long-biased trades if NEWL can manage to move or close above $3.55 with heavy volume. If we get that action soon, look for this stock to make a run at its recent high of $5.23.
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