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8 Stocks Under $10 Skyrocketing Higher

Joe's Jeans

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Joe's Jeans (JOEZ - Get Report) is engaged in designing, developing and marketing its Joe's products, which include denim jeans, related casual wear and accessories. This stock is trading up 5.5% at $1.15 in recent trading.

Today's Range: $1.10-$1.17

52-Week Range: $0.50-$1.56

Volume: 347,000

Three-Month Average Volume: 335,459

From a technical perspective, JOEZ is starting to move notably higher here with above average volume. This move is quickly pushing JOEZ within range of trigging a near-term breakout trade. That trade will hit once JOEZ takes out some near-term overhead resistance at $1.30 to $1.40, and then some more past resistance at $1.56 with high volume.

Traders should now look for long-biased trades once JOEZ sustains a move or close above those breakout levels with volume that's near or above 335,459 shares. One could get long JOEZ off weakness and anticipate that breakout, and simply use a stop right below its 50-day moving average of $1.05. If that breakout triggers soon, then JOEZ will have an excellent chance of tagging $1.75 to $2 in the near future.

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SYM TRADE IT LAST %CHG
ARRY $7.64 -1.29%
JOEZ $0.14 -2.50%
TSPT $27.63 2.30%
SWC $14.34 4.37%
OCZ $0.00 0.00%

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
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