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8 Stocks Under $10 Ripping Higher

Dusa Pharmaceuticals

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Dusa Pharmaceuticals (DUSA) is a vertically integrated dermatology company that is developing and marketing Levulan photodynamic therapy (Levulan PDT), and other products for common skin conditions. This stock is trading up 5.4% at $6.39 in recent trading.

Today's Range: $6.07-$6.62

52-Week Range: $3.25-$6.83

Volume: 252,000

Three-Month Average Volume: 178,356

>>Stocks Rising on Unusual Volume

From a technical perspective, DUSA is soaring here on above average volume. This move is pushing DUSA within range of triggering a major breakout trade. That trade will hit once DUSA takes out some overhead resistance at $6.50 to $6.60 and then $6.83 with high-volume. At last check, DUSA has hit an intraday high of $6.62 on volume that's above its average action.

Traders should now look for long-biased trades off a sustained move or close above those resistance levels on volume that's near or above 178,356 shares. If we get that action today or soon, then this stock could continue its uptrend towards $10.
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