4 Stocks Under $10 Moving Higher

Traders should now look for long-biased trades in CYCC as long as it's trending above today's low of $5.15 and then once it sustains a move or close above those breakout levels with volume that hits near or above 322,805 shares. If that breakout hits soon, then CYCC will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8.18.

Rambus

Rambus (RMBS) is a technology licensing company that's focused on the design, development and licensing of chip interface technologies and architectures that are foundational to nearly all digital electronics products. This stock is trading up 8.2% to $5.53 in recent trading.

Today's Range: $5.20-$5.66

52-Week Range: $3.78-$8.59

Volume: 1.40 million

Three-Month Average Volume: 559,145

From a technical perspective, RMBS is skyrocketing here right off some near-term support at $5.20 with monster upside volume. This move has started to push RMBS into breakout territory, since the stock has cleared some near-term overhead resistance levels at $5.25 to $5.34. Shares of RMBS are now quickly moving within range of triggering another major breakout trade. That trade will hit once RMBS clears some past overhead resistance levels at $5.69 to $6.10 and then once it clears more resistance at $6.18 with high volume.

Traders should now look for long-biased trades in RMBS as long as it's trending above those first tier breakout levels at $5.25 to $5.34, and then once it sustains a move or close above those second tier breakout levels with volume that hits near or above 559,145 shares. If that breakout triggers soon, then RMBS will set up to re-test or possibly take out its next major overhead resistance levels at $6.96 to $8.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

RELATED LINKS:

>>5 Stocks That Want to Pay You More This Quarter

>>5 Stocks Under $10 Poised to Pop

>>5 Stocks With Huge Insider Buying

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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