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7 Stocks Under $10 Moving Higher

NovaGold Resources (NG)

This is a precious metals company engaged in the exploration and development of mineral properties in North America. This stock is trading up 4.8% at $6.68 in recent trading.

Today's Range: $6.30-$6.71
52-week Range: $4.98-$11.77
Volume: 3,643,000
Three-Month Average Volume: 4,054,490

From a technical perspective, NG is ripping higher here, back above its 50-day moving average of $6.32 with decent volume. This move is a continuation of momentum from Monday when NG broke out above some resistance at $5.85 to $5.99 with above-average volume. Traders should continue to look for long-biased trades as long as NG is trending above its 50-day with strong upside volume flows.

I would consider any upside volume day that registers volume near or above 4,054,490 shares as bullish. If we continue to see that trend, look for NG to easily hit its next major overhead resistance levels at $7.30 to $7.35, or possibly even its 200-day moving average of $8.18.

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AMRS $2.45 2.08%
EXEL $2.60 1.17%
NG $3.14 6.08%
RBY $0.93 -2.10%
RFMD $16.59 -2.07%


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