7 Stocks Under $10 Moving Higher

Jaguar Mining (JAG)

This is a gold mining company engaged in gold production and in the acquisition, exploration, development and operation of gold mineral properties in Brazil. This stock is trading up 6.3% to $1.35 in recent trading.

Today's Range: $1.28-$1.39
52-week Range: $1.16-$8.18
Volume: 1,514,000
Three-Month Average Volume: 2,418,310

From a technical perspective, JAG is ripping higher here on decent volume. This move is coming off oversold conditions, since JAG has a current relative strength index (RSI) reading of 32.11. Traders should now look for long-biased trades if JAG can manage to trigger a major breakout trade. That trade will hit once JAG takes out some near-term overhead resistance at $1.40 to $1.48 with high volume.

Look for a sustained move or close above those levels with volume that's near or above 2,418,310 shares. If we get that action soon, then JAG could easy spike back above $2 and possibly hit its 50-day moving average of $2.68.

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