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5 Materials Stocks Under $10 on the Rise

Thompson Creek Metals

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Thompson Creek Metals (TC - Get Report) is a diversified mining company. It is a producer of molybdenum and has copper and gold reserves. This stock is trading up 4.6% to $2.68 in recent trading.

Today's Range: $2.62-$2.75

52-Week Range: $2.25-$9.50

Volume: 1.6 million

Three-Month Average Volume: 2.7 million

>>7 Oversold Stocks Ready to Bounce

From a technical perspective, TC is trending sharply higher here with decent volume. This move is quickly pushing TC within range of triggering a major breakout trade. That trade will trigger once TC breaks out above its 50-day moving average of $2.89, and then above some near-term overhead resistance at $2.92 with high volume.

Traders should now look for long-biased trades once TC sustains a move or close above those levels with volume that's near or above 2.7 million shares. If that breakout triggers soon, then look for TC to make a sharp move back towards its next significant overhead resistance levels at $3.55 to $4. Traders should keep in mind that TC is going to need to sustain a trend above its 50-day to have any chance of hitting those targets in the near future.

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SYM TRADE IT LAST %CHG
GURE $2.42 -2.40%
GPRE $32.17 1.80%
TC $0.95 -4.70%
SVM $1.18 0.43%
WRES $0.81 -1.10%

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