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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Stocks Under $10 With Relative Strength

Lee Enterprises

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Lee Enterprises (LEE) provides local news, information and advertising in midsize markets, with 49 daily newspapers and a joint interest in four others, nearly 300 weekly newspapers and specialty publications in 23 states. This stock is trading up 11% at $1.59 in recent trading.

Today's Range: $1.42-$1.70

52-Week Range: $0.49-$1.73

Volume: 1.4 million

Three-Month Average Volume: 314,892

From a technical perspective, LEE is skyrocketing here with monster volume. This move has started to push LEE into breakout territory since the stock has moved above some major overhead resistance at $1.54 to $1.56 with heavy volume.

Traders should now look for long-biased trades once the next major breakout trade triggers for LEE. That trade will hit once LEE takes out some past overheard resistance at $1.73 with high-volume. At last check, LEE has hit an intraday high of $1.70 today and volume is well above its three-month average action. Look for a sustained move or close above $1.70 with volume that's near or above 314,892 shares. If we get that action soon, then LEE could re-test and possibly take out its next significant overhead resistance levels at $2.24 to $2.75 in the near future.

To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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