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

5 Tech Stocks Under $10 Triggering Breakouts

AudioCodes

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AudioCodes (AUDC) designs, develops and sells products and services for voice and data over packet networks. This stock closed up 8.4% to $4.75 in Tuesday's trading session.

Tuesday's Range: $4.57-$4.86
52-Week Range: $1.20-$5.04
Tuesday's Volume: 493,000
Three-Month Average Volume: 108,175

>>3 Big Tech Stocks to Trade (or Not)

From a technical perspective, AUDC gapped higher here right above its 50-day moving average of $4.43 with heavy upside volume. This move is quickly pushing shares of AUDC within range of triggering a major breakout trade. That trade will hit if AUDC manages to take out its 52-week high at $5.04 with high volume.

Traders should now look for long-biased trades in AUDC as long as it's trending above its 50-day at $4.43 or above more support at $4.29 and then once it sustains a move or close above its 52-week high at $5.04 with volume that hits near or above 108,175 shares. If that breakout hits soon, then AUDC will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $5.75 to $6.50, or even $7.

Mattson Technology

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Mattson Technology (MTSN) designs, manufactures and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits. This stock closed up 5.1% to $2.25 in Tuesday's trading session.

Tuesday's Range: $2.15-$2.30
52-Week Range: $0.70-$2.55
Tuesday's Volume: 593,000
Three-Month Average Volume: 825,998

>>5 Stocks Under $10 Set to Soar

From a technical perspective, MTSN bounced higher here back above its 50-day moving average at $2.23 with lighter-than-average volume. It looks like MTSN has now put in a double bottom chart pattern, since the stock has found some buying interest over the last month at $2.05 to $2.07. If that bottom can hold, then shares of MTSN will not set up to trigger a major breakout trade. That trade will hit if MTSN manages to take out some near-term overhead resistance levels at $2.40 to $2.52 and then once it clears its 52-week high at $2.55 with high volume.

Traders should now look for long-biased trades in MTSN as long as it's trending above $2.07 to $2.05 and then once it sustains a move or close above those breakout levels with volume that hits near or above 825,998 shares. If that breakout hits soon, then MTSN will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $3.17 to its three-year high at $3.30.

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