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TheStreet Open House

8 Stocks Under $10 Surging Higher

Entropic Communications

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Entropic Communications (ENTR) is fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. This stock is trading up 6.7% to $5.67 in recent trading.

Today's Range: $5.23-$5.68

52-Week Range: $3.40-$7.38

Volume: 999,000

Three-Month Average Volume: 1,124,990

From a technical perspective, ENTR is bouncing right off its 200-day moving average of $5.29 here, and its powering back above its 50-day moving average of $5.48 with decent volume. This move is quickly pushing ENTR within range of triggering a major breakout trade. That trade will hit once ENTR takes out $5.91 to $6.11 with high volume.

Traders can now look for long-biased trades in ENTR as long as it's trending above both its 50-day and 200-day with strong upside volume flows. I would consider any upside volume day that registers near or above 1,124,990 shares as bullish. If ENTR can maintain its trend above those key moving averages, then this stock will setup to trigger that breakout above $5.91 to $6.11. If that breakout triggers soon, then look for ENTR to re-test and possibly take out its next major overhead resistance level at $6.45 to $7.38.

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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