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8 Stocks Under $10 Loved by the Bulls

Sky Mobi

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Sky Mobi (MOBI) is a mobile application store in China. Sky Mobi operates mobile social games and provide applications and content with social network functions to its registered members. This stock is trading up 11% to $2.23 in recent trading.

Today's Range: $2.02-$2.42

52-Week Range: $1.85-$11.87

Volume: 243,000

Three-Month Average Volume: 150,852

>>7 Value Stocks to Buy in Facebook's Wake

From a technical perspective, MOBI is moving sharply higher here with above average. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once MOBI takes out some near-term overhead resistance at $2.13 to $2.25 with high-volume. At last check, MOBI has hit an intraday high of $2.42 and volume so far is well above its three-month average action.

Traders should now look for long-biased trades if MOBI can sustain a move or close above $2.15 to $2.25 with volume that's near or above 150,852 shares. If we get that action today, then this stock could re-test and possibly take out its 50-day moving average of $2.56. In fact, it could hit $3 to $3.50 if that 50-day gets taken out with heavy volume.
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