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7 Stocks Under $10 Moving Higher

Great Basin Gold (GBG)

Mining company Great Basin Gold is engaged in the acquisition, exploration and development of precious metal deposits. This stock is trading up 2.88% to 73 cents in recent trading.

Today's Range: $0.69-$0.77
52-week Range: $0.48-$2.37
Volume: 2,666,000
Three-Month Average Volume: 1,642,520

From a technical perspective, GBG is moving modestly higher here on above-average volume. This move is a continuation of momentum from Monday after GBG closed above its 50-day moving average of 65 cents on above-average volume.

Traders should now look for long-biased trades once GBG manages to trigger a near-term breakout trade. That trade will hit once GBG takes out some near-term overhead resistance at 74 cents to 78 cents, with above-average volume.

Look for a sustained move or close above those levels with volume that's near or above 1,642,520 shares. If we get that action today or soon, then I would look for GBG to trade up toward its next significant overhead resistance levels at 93 cents to 98 cents, or even possibly its 200-day moving average of $1.15.

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