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TheStreet Open House

5 Stocks Under $10 Making Big Moves

Kemet

Kemet ( KEM) is a manufacturer of capacitors. Its product offerings include tantalum, multilayer ceramic, solid and electrolytic aluminum, film and paper capacitors. This stock closed up 8.4% to $5.09 in Thursday's trading session.

Thursday's Range: $5.40-$5.94
52-Week Range: $3.69-$6.97
Thursday's Volume: 608,000
Three-Month Average Volume: 164,042

From a technical perspective, KEM soared higher here and broke out above some near-term overhead resistance at $5.61 with heavy upside volume. Shares of KEM hit an intraday high of $5.94, before closing just above that near-term breakout level at $5.67. Market players should now look for a continuation move higher in KEM in the short-term, if the buyers set back up to the plate.

Traders should now look for long-biased trades in KEM as long as it's trending above Thursday's low of $5.40 or above some more support at $5.22 and then once it sustains a move or close above Thursday's high of $5.94 with volume that hits near or above 164,042 shares. If we get that move soon, then KEM will set up to re-test or possibly take out its next major overhead resistance levels at $6.83 to $6.97. Any high-volume move above those levels will then give KEM a chance to tag $8.

GSE Holdings

GSE Holdings ( GSE) provides geosynthetic containment solutions for environmental protection and confinement applications. This stock closed up 4% to $2.82 in Thursday's trading session.

Thursday's Range: $2.62-$2.88
52-Week Range: $1.92-$8.43
Thursday's Volume: 194,000
Three-Month Average Volume: 222,611

From a technical perspective, GSE spiked sharply higher here with decent upside volume. This move is quickly pushing shares of GSE within range of triggering a major breakout trade. That trade will hit if GSE manages to take out Thursday's high of $2.88 to some key near-term overhead resistance at $2.95 with high volume.

Traders should now look for long-biased trades in GSE as long as it's trending above some near-term support at $2.60 or above its 50-day at $2.36 and then once it sustains a move or close above those breakout levels with volume that hits near or above 222,611 shares. If that breakout hits soon, then GSE will set up to re-test or possibly take out its next major overhead resistance levels at 3.50 to $4.

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SYM TRADE IT LAST %CHG
GSE $0.00 0.00%
DLIA $0.00 21.95%
GAME $6.48 0.00%
KEM $4.07 0.00%
REED $6.25 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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