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4 Stocks Under $10 Making Big Moves

Genetic Technologies

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Genetic Technologies (GENE) provides genetic testing services and conducts out-licensing of its intellectual property relating to non-coding DNA and research and development in the areas of genetics and related fields. This stock is trading up 1% to $3.60 in recent trading.

Today's Range: $3.53-$3.79

52-Week Range: $2.29-$6.20

Volume: 160,000

Three-Month Average Volume: 223,802

>>5 Big Stocsk to Trade for Gains

From a technical perspective, GENE is bouncing modestly higher here right off its 50-day moving average of $3.44 with decent volume. This move is quickly pushing GENE within range of triggering a near-term breakout trade. That trade will hit once GENE manages to clear some near-term overhead resistance levels at $3.80 to $3.95, and then once it takes out more resistance at $4.22 to $4.28 with high volume. At last check, GENE has hit an intraday high of $3.79 and volume so far is below its three-month average action of 223,802 shares.

Traders should now look for long-biased trades in GENE as long as it's trending above some near-term support at $3.36, and then once it sustains a move or close above those breakout levels with volume that hits near or above 223,802 shares. If that breakout triggers soon, then look for GENE to re-test or possibly take out its next major overhead resistance levels at $4.79 to $6.20.

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AFFX $12.49 0.00%
GENE $4.23 0.00%
GTE $3.52 0.00%
LSCC $6.35 0.00%
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