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8 Stocks Under $10 Making Big Moves

Exeter Resources

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Exeter Resources (XRA) is a mineral resource exploration and development company. Exeter Resources is engaged in the business of acquisition, exploration and development of mineral properties located in the Maricunga Region, Chile. This stock is trading up 1.6% to $1.81 in recent trading.

Today's Range: $1.76-$1.84

52-Week Range: $1.21-$5.79

Volume: 285,000

Three-Month Average Volume: 225,064

From a technical perspective, XRA is moving modestly higher here with above average volume. This move is coming after XRA recently recaptured and bounced off its 50-day moving average of $1.57. This spike is also pushing XRA into near-term breakout territory, since the stock has started to flirt with some overhead resistance at $1.80.

Traders should now look for long-biased trades in XRA as long as its trending above its 50-day, and then once it breaks out above $1.80 to $1.90 with high volume. Look for a sustained move or close above those levels with volume that's near or above 225,064 shares. If that breakout triggers soon, then XRA has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $2.41 to $2.51.

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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