8 Stocks Under $10 Soaring Higher

Amarin

Amarin (AMRN) is a biopharmaceutical company focused on the commercialization and development of therapeutics to improve cardiovascular health. This stock is trading up 6.4% to $8.50 in recent trading.

Today's Range: $8.00-$8.52

52-Week Range: $7.01-$15.96

Volume: 3.51 million

Three-Month Average Volume: 4.71 million

From a technical perspective, AMRN is spiking higher here right off some near-term support at $7.95 with lighter-than-average volume. This stock has been trending range bound for the last month, with shares moving between $7.56 on the downside and $8.85 on the upside. This move is quickly pushing AMRN within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading pattern. That breakout will hit if AMRN manages to take out some near-term overhead resistance levels at $8.72 to $8.85 and then once it takes out its 50-day at $9.31 with high volume.

Traders should now look for long-biased trades in AMRN as long as it's trending above some key near-term support at $7.95, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.71 million shares. If that breakout triggers soon, then AMRN will set up to re-test or possibly take out its next major overhead resistance levels at $9.59 to $10. Any high-volume move above $10 will then give AMRN a chance to re-fill its massive gap down zone from last December that started near $12.50.

Citizens

Citizens (CIA) is an insurance holding company, which serves the life insurance needs of individuals in the U.S. This stock is trading up 6.5% to $9.91 in recent trading.

Today's Range: $9.36-$10.08

52-Week Range: $7.77-$11.71

Volume: 120,000

Three-Month Average Volume: 64,148

From a technical perspective, CIA is soaring higher here back above its 200-day moving average of $9.78 with above-average volume. This stock had been downtrending badly for the last month, with shares falling from its high of $11.71 to its recent low of $9.10. During that move, shares of CIA have been consistently making lower highs and lower lows, which is bearish technical price action.

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