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

4 Stocks Under $10 Moving Much Higher

Traders should now look for long-biased trades in NSPH as long as it's trending above Thursday's low of $1.91 or above more support at $1.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 635,089 shares. If that breakout hits soon, then NSPH will set up to re-fill some of its previous gap down zone from August that started just above $3.

Pendrell

Pendrell (PCO) is a fully integrated intellectual property investment and advisory firm. This stock closed up 5.4% to $2.14 in Thursday's trading session.

Thursday's Range: $2.01-$2.16
52-Week Range: $1.04-$2.71
Thursday's Volume: 232,000
Three-Month Average Volume: 393,038

From a technical perspective, PCO jumped higher here right off its 50-day moving average of $2.03 with lighter-than-average volume. This stock recently formed a major bottoming chart pattern at $1.88, $1.84, $1.89 and $1.85. Since forming that bottom, shares of PCO have started to uptrend and move within range of triggering a near-term breakout trade. That trade will hit if PCO manages to take out some near-term overhead resistance levels at $2.20 to $2.22 with high volume.

Traders should now look for long-biased trades in PCO as long as it's trending above its 50-day at $2.03 or its 200-day at $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 393,038 shares. If that breakout hits soon, then PCO will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.70. Shares of PCO could even tag $3 if those levels get taken out with strong volume.

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.

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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 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 CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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