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4 Stocks Under $10 Showing Strength in a Weak Market


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RadioShack (RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. This stock is trading up 3.1% to $2.46 in recent trading.

Today's Range: $2.02-$2.71

52-Week Range: $2.01-$13.75

Volume: 6.8 million

Three-Month Average Volume: 3.8 million

>>5 Toxic Stocks to Sell Now

From a technical perspective, RSH is bouncing here off some near-term support at $2 with monster upside volume. This move has briefly pushed RSH back above its 50-day moving average of $2.56, and above some near-term overhead resistance at $2.40. At last check, RSH has hit an intraday high of $2.71 and volume is well above its three-month average action of 3.8 million shares.

Traders should now look for long-biased trades in RSH as long as it's trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 3.8 million shares as bullish. If RSH can sustain that trend, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $3.10 to $3.18. Any high-volume move above those levels will put $3.70 to $4 into focus for RSH.
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RSH $0.31 12.76%
RFMD $16.59 -2.07%
MYRX $0.08 0.00%
XRS $44.88 0.00%
AAPL $93.99 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

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