7 Stocks Under $10 Making Big Moves
From a technical perspective, EXM is popping higher here with light volume. This stock was crushed by the sellers off its March high of $2.29 down to its recent low of 40 cents per share. During the last month, this stock has started to form a bottoming chart pattern at around 40 cents to 41 cents per share.
Traders should now look for long-biased trades in EXM as long as it holds support at 40 cents, and then once it takes out some near-term overhead resistance levels at 49 cents and its 50-day moving average of 58 cents with high volume. Look for a sustained move or close above those levels with volume that hits near or above 671,617 shares. If we get that action soon, then look for EXM to re-test and possibly take out its next major overhead resistance levels at 65 to 74 cents per share.
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.