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

4 Tech Stocks Under $10 to Watch

Stocks in this article: CAMT BCOV STP SUNE

Suntech Power

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Suntech Power ( STP) is a solar energy company that designs, develops, manufactures and markets a number of PV cells and modules, including a range of value-added building-integrated photovoltaics products. This stock is trading up 6.2% to $1.02 in recent trading.

Today's Range: $0.98-$1.03
52-Week Range: $0.30-$2.07
Volume: 2.23 million
Three-Month Average Volume: 5.55 million

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, STP is trending higher here back above its 200-day moving average of $1.01 with lighter-than-average volume. This stock has been trending sideways for the last month, with shares moving between 86 cents on the downside and $1.28 on the upside. Shares of STP continue to trend within range of triggering a breakout trade above the upper end of its recent sideways chart pattern. That breakout will hit if STP manages to take out some near-term overhead resistance levels at $1.07 to $1.18 and then once it clears more resistance at $1.28 with high volume.

Traders should now look for long-biased trades in STP as long as it's trending above its 200-day at $1.01 or above some more near-term support at 93 cents and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.55 million shares. If that breakout triggers soon, then STP will set up to re-test or possibly take out its next major overhead resistance levels at $1.70 to $1.78. Any high-volume move above those levels will then put $2 into range for shares of STP.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Madison, Wis.

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Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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