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5 Stocks Under $10 Triggering Breakout Trades

Thursday's Range: $6.45-$6.81
52-Week Range: $3.19-$7.06
Thursday's Volume: 159,000
Three-Month Average Volume: 151,629

From a technical perspective, DXLG trended higher here right above its 50-day moving average of $6.32 with above-average volume. This stock has been uptrending strong for the last month and change, with shares marching higher from its low of $5.67 to its recent high of $6.95. During that uptrend, shares of DXLG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of DXLG within range of triggering a major breakout trade. That trade will hit if DXLG manages to take out some key overhead resistance levels at $6.95 to its 52-week high at $7.06 with high volume.

Traders should now look for long-biased trades in DXLG as long as it's trending above its 50-day at $6.32 or above more support at $6 and then once it sustains a move or close above those breakout levels with volume that hits near or above 151,629 shares. If that breakout hits soon, then DXLG will set up to enter new 52-week-high territory above $7.06, which is bullish technical price action. Some possible upside targets off that move are $8 to $10.

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 Delafield, Wis.


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 Delafield, 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 and . You can follow Pedone on Twitter at or @zerosum24.
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CNDO $3.69 -2.89%
DXLG $5.40 -1.10%
ICA $0.88 -2.90%
LEE $2.15 -1.38%
VTG $0.03 34.33%


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