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TheStreet Open House

4 Big Volume Gainers Under $10

Stocks in this article: BMTITEARLPHIENZ

TearLab (TEAR)

This is an in-vitro diagnostic company, engaged in commercializing a proprietary tear testing platform that enables eye care practitioners to test for highly sensitive and specific biomarkers using nanoliters of tear film. This stock closed up 8.5% to $4.45 in recent trading.

Today's Range: $4.06-$4.55

52-Week Range: $0.98-$4.88

Volume: 663,000

Three-Month Average Volume: 134,276

Shares of TEAR ripped to the upside today after the company reported third quarter net revenues of $1.2 million, an increase of 264% from $333,000 for the same period in 2011 and up 69% sequentially from $716,000 in the previous quarter.

From a technical perspective, TEAR bounced strongly right off its 50-day moving average of $4.02 with monster upside volume. This move is quickly pushing TEAR within range of triggering a major breakout trade. That trade will hit once TEAR manages to take out some key overhead resistance levels at $4.60 to $4.88 with high volume.

Traders should now look for long-biased trades in TEAR as long as it's trending above its 50-day at $4.02, and then once it sustains a move or close above those breakout levels with volume that hits near or above 134,276 shares. If that breakout triggers soon, then TEAR will set up to trend north of $5 in the near future. Some possible upside targets in the short-term are $5.50 to $6.50.

Life Partners ( (LPHI)

This company is engaged in the secondary market for life insurance known as life settlements. This stock closed up 8.37% to $2.59 in recent trading.

Today's Range: $2.34-$2.63

52-Week Range: $1.08-$7.49

Volume: 90,000

Three-Month Average Volume: 534,419

From a technical perspective, LPHI soared higher today right around some near-term support at $2.25 with light volume. This move is quickly pushing LPHI within range of triggering a major breakout trade. That trade will hit once LPHI takes out its 50-day at $2.16 and then once it clears some more near-term overhead resistance levels at $2.69 to $2.78 with high volume.

Traders should now look for long-biased trades in LPHI as long as it's trending above its 50-day at $2.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 534,419 shares. If that breakout triggers soon, then LPHI will set up to re-test or possibly take out its nest major overhead resistance levels at $4.12 to $4.50.

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