8 Stocks Under $10 Soaring Higher

Geron

Geron (GERN) is a biopharmaceutical company developing first-in-class therapies for cancer. This stock is trading up 7.3% to $1.60 in recent trading.

Today's Range: $1.48-$1.63

52-Week Range: $0.91-$2.99

Volume: 688,000

Three-Month Average Volume: 1.17 million

From a technical perspective, GERN is exploding higher here right off its 50-day moving average of $1.50 with lighter-than-average volume. This move is also starting to push shares of GERN back above its 200-day moving average of $1.59. Shares of GERN are now quickly moving within range of triggering a major breakout trade. That trade will hit if GERN manages to clear some key overhead resistance levels at $1.78 to $1.83 with high volume.

Traders should now look for long-biased trades in GERN as long as it's trending above some key near-term support at $1.47, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.17 million shares. If that breakout triggers soon, then GERN will set up to re-fill some of its massive gap down zone from last September that started near $3.

Pacific Ethanol

Pacific Ethanol (PEIX) is a marketer and producer of low-carbon renewable fuels in the Western U.S. This stock is trading up 14.5% to 38 cents per share in recent trading.

Today's Range: $0.33-$0.39

52-Week Range: $0.27-$1.69

Volume: 8.54 million

Three-Month Average Volume: 2.04 million

From a technical perspective, PEIX is skyrocketing higher here right off its 50-day moving average of 33 cents per share with monster upside volume. This stock has been trending sideways for the last three months, with shares moving between 30 cents on the downside and 42 cents on the upside. This move today is quickly pushing PEIX within range of triggering a major breakout trade above the upper-end of its recent sideways trading pattern. That breakout will hit if PEIX manages to take out some key overhead resistance levels at 42 cents to 43 cents per share and then once it clears its 200-day at 46 cents per share with high volume.

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