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

5 Stocks Under $10 to Trade for Breakouts

GigOptix

GigOptix (GIG) is a fabless supplier of semiconductor components that enable high speed information streaming over network infrastructures. This stock closed up 2.9% to $1.42 in Thursday's trading session.

Thursday's Range: $1.36-$1.45
52-Week Range: $0.83-$2.17
Thursday's Volume: 46,000
Three-Month Average Volume: 76,148

From a technical perspective, GIG trended modestly higher here right above some near-term support at $1.35 with lighter-than-average volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of 90 cents per share to its recent high of $1.54. During that uptrend, shares of GIG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GIG within range of triggering a big breakout trade. That trade will hit if GIG manages to take out some key overhead resistance levels at $1.54 to $1.60 with high volume.

Traders should now look for long-biased trades in GIG as long as it's trending above its 200-day at $1.24 or above more support at $1.22 and then once it sustains a move or close above those breakout levels with volume that hits near or above 76,148 shares. If that breakout triggers soon, then GIG will set up to re-test or possibly take out its next major overhead resistance levels at $1.88 to $2.10.

Hackett Group

Hackett Group (HCKT) provides advisory, benchmarking and transformation consulting services including shares services, offshoring and outsourcing advice. This stock closed up 1.7% to $7.12 a share in Thursday's trading session.

Thursday's Range: $6.85-$7.20
52-Week Range: $3.20-$7.48
Thursday's Volume: 316,000
Three-Month Average Volume: 165,538

From a technical perspective, HCKT trended modestly higher here right above its 50-day moving average of $6.77 with above-average volume. This stock has been trending sideways and consolidating for the last month, with shares moving between $6.81 on the downside and $7.48 on the upside. This bounce is now quickly pushing shares of HCKT within range of triggering a breakout trade above the upper-end of its recent range. That breakout will hit if HCKT manages to take out some near-term overhead resistance levels at $7.25 to its 52-week high at $7.48 with high volume.

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