3 Stocks Under $10 Making Big Moves
Aurizon Mines (AZK) is a gold-producer engaged in the acquisition, exploration, development and operation of gold projects. This stock closed up 5.3% to $4.70 on Tuesday.
Tuesday's Range: $4.45-$4.76
52-Week Range: $3.19-$5.77Volume: 1.32 million Three-Month Average Volume: 764,977 From a technical perspective, AZK ripped higher here right off its 200-day moving average of $4.44 with heavy upside volume. This stock recently gapped up big from around $3.40 to $4.60 with strong upside volume. Shares of AZK are now quickly moving within range of triggering a near-term breakout trade. That trade will hit if AZK manages to clear some near-term overhead resistance at $4.79 to $4.81 with high volume. Traders should now look for long-biased trades in AZK as long as it's trending above some key near-term support at $4.42, and then once it sustains a move or close above those breakout levels with volume that hits near or above 764,977 shares. If that breakout triggers soon, then AZK will set up to re-test or possibly take out its next major overhead resistance levels at $5.30 to $5.37. Any high-volume move above $5.37 will then put $5.57 to $5.77 into focus for shares of AZK. Mexico Energy Mexico Energy (MXC) is an independent oil and gas company engaged in the acquisition, exploration and development of oil and gas properties located in the U.S. This stock closed up 12% to $6.47 on Tuesday. Tuesday's Range: $5.90-$6.48 52-Week Range: $4.50-$11.48 Volume: 11,000 Three-Month Average Volume: 3,463 From a technical perspective, MXC soared higher here back above its 200-day moving average of $6.17 with above-average volume. This move is quickly pushing shares of MXC within range of triggering a near-term breakout trade. That trade will hit if MXC manages to take out some near-term overhead resistance levels at $6.90 to $7.29 with high volume. Traders should now look for long-biased trades in MXC as long as it's trending above its 200-day at $6.17, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3,463 shares. If that breakout triggers soon, then MXC will set up to re-test or possibly take out its next major overhead resistance levels at $7.70 to $8. Any high-volume move above $8 will then put $8.50 to $9.50 into range for shares of MXC.
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