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5 Stocks Under $10 Making Big Moves

Lakes Entertainment

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Lakes Entertainment (LACO - Get Report) develops, finances and manages casino properties. It currently has development and management or financing agreements with three separate tribes for casino operations in Michigan and California, for a total of three casino projects. This stock is trading up 5.9% to $3.21 in recent trading.

Today's Range: $3.09-$3.27

52-Week Range: $1.75-$3.46

Volume: 28,000

Three-Month Average Volume: 41,150

From a technical perspective, LACO is bouncing higher here right above its 50-day moving average of $3.02 with lighter-than-average volume. This move is quickly pushing shares of LACO within range of triggering a major breakout trade. That trade will hit if LACO manages to take out its 52-week high of $3.46 and then some past resistance at $3.55 with high volume.

Traders should now look for long-biased trades in LACO as long as it's trending above its 50-day at $3.02 and then once it sustains a move or close above $3.46 to $3.55 with volume that hits near or above 41,150 shares. If that breakout triggers soon, then LACO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $4 to $4.50 in the near future.

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DVR $0.02 -16.30%
GSB $3.47 1.50%
MBLX $0.63 2.10%
KGC $2.36 5.40%
LACO $8.33 -2.70%


DOW 17,686.71 -89.41 -0.50%
S&P 500 2,059.01 -8.88 -0.43%
NASDAQ 4,866.4050 -34.48 -0.70%

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