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4 Stocks Under $5 Moving Higher

Dehaier Medical Systems

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Dehaier Medical Systems (DHRM) is engaged in the development and distribution of medical devices. This stock is trading up 12.6% to $2.32 in recent trading.

Today's Range: $2.12-$2.33

52-Week Range: $1.26-$3.95

Volume: 100,000

Three-Month Average Volume: 60,792

>>5 Stocks Insiders Love Right Now

From a technical perspective, DHRM is continuing to trend higher today with above-average volume, after this stock moved back above its 200-day moving average of $2 on Wednesday. This action is quickly pushing DHRM within range of triggering a near-term breakout trade. That trade will hit once DHRM manages to clear some near-term overhead resistance at $2.40 to $2.60 with high volume.

Traders should now look for long-biased trades in DHRM as long as its trending above its 200-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 60,792 shares. If that breakout triggers soon, then look for DHRM to re-test or possibly take out its next significant overhead resistance levels at $2.99 to $3.95.

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SYM TRADE IT LAST %CHG
DWRI $23.85 0.00%
ACUR $0.75 -1.29%
DHRM $3.02 -1.63%
CSIQ $36.36 -0.36%
AAPL $130.28 0.47%

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