Daqo New Energy

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Daqo New Energy ( DQ) manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. This stock is trading up 6.9% to $1.69 in recent trading.

Today's Range: $1.57-$1.70

52-Week Range: $1.41-$14.97

Volume: 124,000

Three-Month Average Volume: 228,916

From a technical standpoint, DQ is nearing a big breakout if the stock can manage to sustain a move and close above some near-term overhead resistance at $1.80 on heavy volume. A high-volume move above that level and then $1.99 should set this stock up to re-test $2.35 to $2.43 (50-day moving average.

Market players should look for volume on any close above $1.80 to $1.99 that's near or above 228,916 shares.

To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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