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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

4 Stocks Under $5 Moving Higher

Stocks in this article: DRRX LCAV SMI PACB

Pacific Biosciences of California

Pacific Biosciences of California (PACB), which is engaged in design, development and commercialization of innovative tools for biological research, is trading up 8.1% to $2.39 in recent trading.

Today's Range: $2.20-$2.40

52-Week Range: $1.06-$3.99

Volume: 327,000

Three-Month Average Volume: 514,302

From a technical perspective, PACB is soaring higher here right above some near-term support at $2.16 to $2.13 with solid upside volume. This move is quickly pushing shares of PACB within range of triggering a near-term breakout trade. That trade will hit if PACB manages to take out its 50-day at $2.39 and then once it clears more overhead resistance levels at $2.64 to $2.73 with high volume.

Traders should now look for long-biased trades in PACB as long as it's trending above $2.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 514,302 shares. If that breakout triggers soon, then PACB will set up to re-test or possibly take out its next major overhead resistance levels at $3.25 to $3.99.

LCA-Vision

LCA-Vision (LCAV) is a provider of fixed-site laser vision correction services at its LasikPlus vision centers. This stock is trading up 6.3% to $3.35 in recent trading.

Today's Range: $3.15-$3.36

52-Week Range: $2.67-$7.50

Volume: 86,000

Three-Month Average Volume: 102,995

From a technical perspective, LCAV is ripping higher here back above its 50-day moving average of $3.14 with decent upside volume. This stock recently formed a double bottom at around $2.78 to $2.83 and it has now broken out above some near-term overhead resistance levels at $3.08 to its 50-day at $3.14. Shares of LCAV are now quickly moving within range of triggering another major breakout trade. That trade will hit if LCAV manages to take out some near-term overhead resistance levels at $3.50 to $3.60 and then once it clears its 200-day at $3.68 with high volume.

Traders should now look for long-biased trades in LCAV as long as it's trending above its 50-day at $3.14, and then once it sustains a move or close above those breakout levels with volume that hits near or above 102,995 shares. If that breakout triggers soon, then LCAV will set up to re-test or possibly take out its next major overhead resistance levels at $4.10 to $4.32. Any high-volume move above those levels will then put $4.60 into range for shares of LCAV.

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