7 Stocks Under $10 Making Large Upside Moves

Rosetta Genomics (ROSG)

This company develops diagnostic tests and therapeutic tools. Its product portfolio comprises of tests such as miRview mets2 /mets, miRview squamous, miRview meso and miRview kidney. This stock is trading up 13.4% to $4.84 in recent trading.

Today's Range: $4.29-$4.98

52-Week Range: $1.40-$23.43

Volume: 1.22 million

Three-Month Average Volume: 1.71

From a technical perspective, ROSG is surging higher here right off some near-term support at $4 with above-average volume. This move is quickly pushing ROSG within range of triggering a major breakout trade. That trade will hit once ROSG manages to take out some near-term overhead resistance levels at $5 to $5.33 with high volume.

Traders should now look for long-biased trades in ROSG as long as it's trending above $4.53, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.71 million shares. If that breakout triggers soon, then ROSG will set up to re-test or possibly take out its next major overhead resistance levels at $6.38 to $7.73.

Trina Solar (TSL)

This company is mainly engaged in the manufacturing and selling of solar modules in the People's Republic of China and overseas. This stock is trading up 4.8% to $2.47 in recent trading.

Today's Range: $2.30-$2.52

52-Week Range: $2.04-$12.19

Volume: 1.50 million

Three-Month Average Volume: 1.36 million

From a technical perspective, TSL is bouncing higher here right above some near-term support at $2.04 with above-average volume. This move is coming after shares of TSL recently plunged from $4.56 to $2.04 with heavy selling volume. That move has pushed TSL into oversold territory, since its current relative strength index (RSI) reading is 26.53. Oversold can always get more oversold, but it's also an area where a stock can produce a powerful bounce higher. Shares of TSL are now moving within range of triggering a near-term breakout trade. That trade will hit once TSL manages to take out $2.75 with high volume.

Traders should now look for long-biased trades in TSL as long as it's trending above $2.46, and then once it sustains a move or close above $2.75 with volume that hits near or above 1.36 million shares. If that breakout triggers soon, then TSL will set up to re-test or possibly take out its next major overhead resistance levels at $3.25 to $3.75, or possibly even its 50-day moving average of $4.04.

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