7 Stocks Under $10 Making Big Moves
Hutchinson Technology (HTCH) is a global technology manufacturer. The company is a supplier of suspension assemblies for hard disk drives. This stock is trading up 10% at $2.25 in recent trading.
Today's Range: $2.10-$2.2852-Week Range: $1.31-$3.42 Volume: 422,000 Three-Month Average Volume: 160,239 >>3 Tech Stocks to Buy on a Pullback From a technical perspective, HTCH is ripping higher here back above its 50-day moving average of $2.16 with monster volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once HTCH can break out above $2.35 to $2.60 with high-volume. Traders should now look for long-biased trades if HTCH can sustain a move or close above those levels with volume that's near or well above 160,239 shares. If we get that action soon, then HTCH has a great chance to hit its August of 2011 high of $3.42.
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