Magal Security Systems

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Magal Security Systems ( MAGS) is an international solutions provider of safety, security, site management and intelligence gathering and compilation solutions and products. This stock is trading up 9.3% to $5.74 in recent trading.

Today's Range: $5.31-$5.75

52-Week Range: $2.18-$6.46

Volume: 238,000

Three-Month Average Volume: 163,629

From a technical perspective, MAGS is starting to flirt with a near-term breakout trade today since the stock is bumping up against some overhead resistance at $5.74 with above average volume.

Traders should now look for long-biased trades as long as MAGS is trending above $5.74 with strong upside volume flows and if it closes near its daily highs today. If we get that action, then MAGS will likely hit its recent high of $6.46, and then have a chance to take that high out and move towards $7 in the near future.

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 and maintains the website, 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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