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

4 Stocks Under $10 Making Big Moves

Stocks in this article: CLSN ICH REN OXGN

Resolute Energy

Resolute Energy ( REN) is an independent oil and gas company engaged in the exploration, exploitation and development of its oil and gas properties located in Utah, Wyoming, North Dakota and Texas. This stock closed up 6.3% to $9.37 in Thursday's trading session.

Thursday's Range: $8.67-$9.47
52-Week Range: $7.41-$11.56
Thursday's Volume: 1.32 million
Three-Month Average Volume: 487,792

From a technical perspective, REN ripped sharply higher here right off its 200-day moving average of $8.86 with heavy upside volume. This move pushed shares of REN into breakout territory, since the stock took out some near-term overhead resistance levels at $8.91 to 9.10. Shares of REN are now quickly moving within range of triggering another major breakout trade. That trade will hit if REN clears Thursday's high of $9.47 and then once it takes out some past overhead resistance at $9.79 with high volume.

Traders should now look for long-biased trades in REN as long as it's trending above its 200-day at $8.86 or above Thursday's low of $8.67 and then once it sustains a move or close above those breakout levels with volume that hits near or above 487,792 shares. If that breakout triggers soon, then REN will set up to re-test or possibly take out its next major overhead resistance levels at $10.25 to $11.

Investors Capital

Investors Capital ( ICH) is a financial services holding company that provides broker-dealer services and investment advisory services. This stock closed up 2.1% to $6.59 in Thursday's trading session.

Thursday's Range: $6.35-$6.68
52-Week Range: $2.96-$8.90
Thursday's Volume: 99,000
Three-Month Average Volume: 17,988

From a technical perspective, ICH trended modestly higher here with above-average volume. This move is quickly pushing shares of ICH within range of triggering a near-term breakout trade. That trade will hit if ICH manages to take out some near-term overhead resistance at $6.80 with high volume.

Traders should now look for long-biased trades in ICH as long as it's trending above $6 or above $5.50 and then once it sustains a move or close above $6.80 with volume that hits near or above 17,988 shares. If that breakout triggers soon, then ICH will set up to re-test or possibly take out its 52-week high at $8.90.

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