This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Stocks Under $10 Moving Higher

GMX Resources

GMX Resources (GMXR) is an oil and gas company engaged in the acquisition, exploration, production and development of properties for the production of natural gas and crude oil in Texas, Louisiana and New Mexico. This stock is trading up 10% to $2.16 in recent trading.

Today's Range: $2.00-$2.24

52-Week Range: $1.80-$26.00

Volume: 329,000

Three-Month Average Volume: 112,860

>>5 Stocks Ready to Break Out

From a technical perspective, GMXR is bouncing sharply higher here right above some near-term support at $1.80 with above-average volume. This stock has been downtrending badly for the last month, with shares plunging from its high of $7.50 to its recent low of $1.80. During that move, shares of GMXR have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of GMXR have now entered extremely oversold territory, since its current relative strength index reading is 18.33. Oversold can always get more oversold, but it's also a level where a stock can experience a huge bounce higher from.

Traders should now look for long-biased trades in GMXR as long as it's trending above today's low of $1.96 or that $1.80 low, and then once it sustains a move or close above some near-term overhead resistance at $2.50 with volume that hits near or above 112,860 shares. If that breakout triggers soon, then GMXR will set up to re-test or possibly take out its next major overhead resistance levels at $3.05 to $3.50. Any high-volume move above $3.50 will then put $4.50 to $5 into range for shares of GMXR.

Inphi

Inphi (IPHI - Get Report), a provider of high-speed analog semiconductor solutions for the communications and computing markets, is trading up 5.7% to $9.72 in recent trading.

Today's Range: $9.29-$10.07

52-Week Range: $7.45-$15.00

Volume: 642,000

Three-Month Average Volume: 247,224

From a technical perspective, IPHI is ripping higher here right off its 50-day moving average at $9.13 and back above its 200-day moving average at $9.43 with heavy upside volume. This move is quickly pushing shares of IPHI within range of triggering a near-term breakout trade. That trade will hit if IPHI manages to take out some near-term overhead resistance at $10.19 with high volume.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Submit an article to us!
SYM TRADE IT LAST %CHG
FRO $2.49 -0.40%
IPHI $21.13 0.19%
SCLN $8.41 -1.18%
AAPL $128.70 -0.19%
FB $78.81 -0.23%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs