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

8 Stocks Under $10 Moving Higher

Stocks in this article: TASR ARC OCZ SHZ SORL

China Shen Zhou Mining & Resources (SHZ)

This company is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. This stock is trading up 7% to 42 cents per share in recent trading.

Today's Range: $0.38-$0.42

52-Week Range: $0.19-$2.10

Volume: 122,000

Three-Month Average Volume: 547,444

From a technical perspective, SHZ is trending higher here right above some near-term support at 35 cents with lighter volume. This stock has been uptrending strong for the last two months, with shares moving higher from a low of 19 cents to its recent high of 45 cents. During that move, shares of SHZ have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed SHZ within range of triggering a near-term breakout trade. That trade will hit once SHZ manages to take out some near-term overhead resistance levels at 42 cents to 45 cents with high volume.

Traders should now look for long-biased trades in SHZ as long as it's trending above its 35 cents, and then once it sustains a move or close above those breakout levels with volume that hits near or above 547,444 shares. If that breakout triggers soon, then SHZ will set up to re-test or possibly take out its next major overhead resistance levels at 52 to 55 cents. Any high-volume move above those levels will then put its 200-day at 71 cents into focus for shares of SHZ.

SORL Auto Parts (SORL)

This company develops, manufactures and distributes automotive air brake systems, air controlling systems and other related components to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The stock is trading up 6.5% to $2.43 in recent trading.

Today's Range: $2.20-$2.50

52-Week Range: $1.71-$3.64

Volume: 71,000

Three-Month Average Volume: 47,486

From a technical perspective, SORL is bouncing strongly here right off its 50-day moving average of $2.19 with above-average volume. This move has also pushed SORL right into its 200-day moving average of $2.51. Shares of SORL are now quickly moving within range of triggering a major breakout trade. That trade will hit once SORL clears some key overhead resistance levels at $2.72 to $2.75 and then some more resistance at $3.08 with high volume.

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