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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

3 Under-$10 Stocks Bursting Higher

Stocks in this article: NVTL RIC PPP

Richmont Mines (RIC)

This company engages in the acquisition, exploration, development, and operation of mineral properties, principally gold in Canada. It operates the Beaufor Mine in Quebec and the Island Gold Mine in Ontario. The stock is trading up 4.4% to $3.04 in recent trading.

Today's Range: $2.92-$3.06

52-Week Range: $2.71-$12.91

Volume: 177,000

Three-Month Average Volume: 301,274

From a technical perspective, RIC is trending higher here right above some near-term support at $2.71 with lighter volume. This stock recently gapped down from $3.89 to around $2.75 with heavy downside volume. Following that gap down, shares of RIC went on to hit a new 52-week low at $2.71. Shares of RIC have now started to rebound off that $2.71 low and move within range of triggering a near-term breakout trade. That trade will hit once RIC manages to take out its gap down day high of $3.13 with high volume.

Traders should now look for long-biased trades in RIC as long as it's trending above $2.71, and then once it sustains a move or close above $3.13 with volume that hits near or above 301,274 million shares. If that breakout triggers soon, then RIC will set up to re-test or possibly take out its next major overhead resistance levels at $3.75 to $3.89. Any high-volume move above those levels will then put $4 to $4.24 into focus for shares of RIC.

Primero Mining (PPP)

This company is engaged in the business of acquiring, exploring, evaluating and developing mineral property concessions in Mexico. The Company acquired interest in the Ventanas project. This stock is trading up 4% to $6.27 in recent trading.

Today's Range: $6.00-$6.33

52-Week Range: $2.28-$7.98

Volume: 133,000

Three-Month Average Volume: 636,076

From a technical perspective, PPP is moving higher here right off some near-term support at $6 with light volume. This move is quickly pushing PPP within range of triggering a near-term breakout trade. That trade will hit once PPP manages to take out some near-term overhead resistance at its 50-day of $6.69 and then some more overhead resistance at $6.90 with high volume.

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