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7 Stocks Under $10 Making Big Moves


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KongZhong (KONG) is a provider of digital entertainment services for consumers in the People's Republic of China. This stock is trading up 9.4% to $6.48 in recent trading.

Today's Range: $6.11-$6.80

52-Week Range: $3.41-$7.32

Volume: 500,000

Three-Month Average Volume: 70,121

From a technical perspective, KONG has triggered a major breakout trade here since the stock has moved above some past overhead resistance at $6.20 with monster volume.

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Traders should now look for long-biased trades as long as KONG is trending above $6.20 with strong upside volume flows. I would consider any upside volume that's near or above 70,121 shares as bullish. If KONG can keep its trend above $6.20, and then take out today's high of $6.80 with volume, it could easily hit its next significant overhead resistance level near $7.50 to $8 in the near future.

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