3 Under-$10 Stocks Rising on Unusual Volume

Consumer Portfolio Services (CPSS)

This company is engaged in purchasing & servicing retail automobile contracts originated by franchised automobile dealers and, by independent dealers in the United States in the sale of new & used automobiles, light trucks & passenger vans. This stock is trading up 5.7% to $5.93 in recent trading.

Today's Range: $5.42-$5.97

52-Week Range: $0.90-$6.19

Volume: 102,000

Three-Month Average Volume: 81,025

From a technical perspective, CPSS is bouncing higher here right off some near-term support at $5.37 with above-average volume. This stock has been uptrending strongly for the last six months, with shares soaring from a low of $1.89 to its recent high of $6.19. During that move, shares of CPSS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed CPSS within range of triggering a major breakout trade. That trade will hit if CPSS manages to clear some near-term overhead resistance at $6.19 with high volume.

Traders should now look for long-biased trades in CPSS as long as it's trending above its $5.37, and then once it sustains a move or close above $6.19 with volume that hits near or above 81,025 shares. If that breakout triggers soon, then CPSS will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets of that breakout are $7 to $7.50.

Denison Mines (DNN)

This company is engaged in uranium exploration, development, mining and milling with active uranium mining projects in both the United States and Canada and development projects in Canada, Zambia and Mongolia. This stock is trading up 3.9% to $1.30 in recent trading.

Today's Range: $1.23-$1.30

52-Week Range: $1.03-$2.07

Volume: 1.08 million

Three-Month Average Volume: 649,667

From a technical perspective, DNN is ripping higher here right above its 50-day moving average of $1.19 with heavy upside volume. This move is quickly pushing shares of DNN within range of triggering a near-term breakout trade. That trade will hit if DNN manages to clear some near-term overhead resistance at $1.29 with high volume. At last check, DNN has hit an intraday high of $1.30 and volume is well above its three-month average action of 649,667 shares.

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