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5 Stocks Under $10 Soaring Higher

Smart Balance

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Smart Balance (SMBL) is a marketer of functional food products in the U.S. and Canada under the Smart Balance, Earth Balance and Bestlife. This stock is trading up 6.5% at $7.77 in recent trading.

Today's Range: $7.32-$7.98

52-Week Range: $4.47-$7.50

Volume: 574,000

Three-Month Average Volume: 338,267

>>3 Hot Stocks to Survive Summer

From a technical perspective, SMBL is ripping higher here on above-average volume. This move today has now pushed SMBL into breakout territory since the stock has moved above some near-term overhead resistance at $7.49 with high volume. At last check, SMBL has hit an intraday high of $7.99, and volume is well above its three-month average action.

Traders should continue to look for long-biased trades as long as SMBL is trending above its breakout levels of $7.05 to $7.49 with strong upside volume flows. I would consider any upside volume days near or above 338,267 shares with the stock above those breakout levels as bullish.

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