5 Stocks Under $10 Making Big Moves

Today's Range: $3.18-$3.46

52-Week Range: $2.82-$9.80

Volume: 2.50 million

Three-Month Average Volume: 3.27 million

From a technical perspective, GTAT is soaring higher here right off its 50-day moving average of $3.22 with decent volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit if GTAT manages to take out some near-term overhead resistance levels at $3.37 to $3.55 with high volume.

Traders should now look for long-biased trades in GTAT as long as it's trending above its 50-day at $3.22, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.27 million shares. If that breakout triggers soon, then GTAT will set up to re-test or possibly take out its next major overhead resistance levels at $3.81 to $4. Any high-volume move above those levels will then put $4.25 to its 200-day moving average at $4.60 into range for shares of GTAT.

Linktone

Linktone (LTON) provides entertainment-oriented telecom value-added services to mobile phone users over the 2G and 2.5G mobile telecommunications networks in China. This stock is trading up 6.8% to $2.80 in recent trading.

Today's Range: $2.60-$2.81

52-Week Range: $1.21-$3.18

Volume: 29,000

Three-Month Average Volume: 38,224

From a technical perspective, LTON is soaring higher here right off its 50-day moving average of $2.58 with decent volume. This stock has been trading in a consolidation pattern for the last four months, with shares moving between $2.26 on the downside and $2.81 on the upside. This move is quickly pushing shares of LTON within range of triggering a breakout trade above the upper-end of that consolidation pattern. That trade will hit if LTON manages to take out some near-term overhead resistance levels at $2.78 to $2.81 with high volume.

Traders should now look for long-biased trades in LTON as long as it's trending above its 50-day at $2.58, and then once it sustains a move or close above those breakout levels with volume that hits near or above 38,224 shares. If that breakout triggers soon, then LTON will set up to re-test or possibly take out its 52-week high of $3.18. Any high-volume move above $3.18 could then send shares of LTON soaring back towards $4.

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