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8 Stocks Under $10 Moving Higher

Integrated Device Technology

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Integrated Device Technology (IDTI - Get Report) designs, develops, manufactures and markets a range of semiconductor solutions for the advanced communications, computing and consumer industries. This stock is trading up 5.7% at $7.44 in recent trading.

Today's Range: $7.12-$7.47

52-Week Range: $4.70-$8.74

Volume: 1.4 million

Three-Month Average Volume: 1.6 million

>>6 Tech Stocks That Rate Better Than Apple

Shares of IDTI are ripping higher today after Starboard Value reported a 6.5% stake in the company.

From a technical perspective, IDTI is gapping up strong today on decent volume. This move has pushed the stock into breakout territory since it's crossed some near-term overhead resistance at $7.14.

Traders should now consider long-biased trades if IDTI can manage to close above $7.14 with volume that's near or well above 1,642,010 share. If we get that action, look for a much bigger breakout to trigger once $7.52 is taken out with high volume. Target a potential run-up towards $8 to $8.75 in the near-term if $7.52 is taken out with volume.
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ANTH $3.63 -4.50%
AVNR $16.96 0.00%
HNR $0.57 0.89%
IDTI $19.19 -3.90%
AAPL $93.04 -1.90%


Chart of I:DJI
DOW 17,825.76 +52.12 0.29%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

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