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7 Stocks Under $10 Streaking Higher

Written by: Roberto Pedone 06/07/12 - 4:58 PM EDT
Tickers in this article: HDSN ZGNX PTIE ANTH ZLCS NOAH PIP

From a technical perspective, HDSN is bouncing hard here, right off its 50-day moving average of $3.45 with above-average volume. This move is quickly pushing HDSN within range of triggering a major breakout trade. That trade will hit once HDSN takes out some near-term overhead resistance at $4.06 and then its 52-week high of $4.23 with high volume.

Traders should now look for long-biased trades if HDSN can sustain a move or close above $4.06 to $4.23 with volume that's near or above 131,218 shares. If we get that action soon, then this stock could easily hit $5 or higher in the near future.

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Anthera Pharmaceuticals (ANTH)

This is a development-stage biopharmaceutical company focused on developing and commercializing products to treat diseases associated with inflammation. This stock is trading up 6.4% at $2.12 in recent trading.

Today's Range: $1.98-$2.14
52-week Range: $1.44-$8.89
Volume: 201,000
Three-Month Average Volume: 604,652

From a technical perspective, ANTH is bouncing sharply here, right off its 50-day moving average of $1.95 with light volume. This move is pushing the stock within range of triggering a near-term breakout trade. That trade will hit once ANTH takes out some near-term overhead resistance at $2.22 with high volume.

Traders should now look for long-biased trades in ANTH, if it can sustain a move or close over $2.22 with volume that's near or above 604,652 shares. If we get that action soon, then ANTH could easily hit its April high of $2.75 or possibly even $3 in the near future.

Noah Holdings (NOAH)

This company, through its subsidiaries, is a service provider focusing on distributing wealth management products to the high net-worth population in the People's Republic of China. This stock is up 2.7% at $5.31 in recent trading.

Today's Range: $5.01-$5.42
52-week Range: $4.63-$14.68
Volume: 156,000
Three-Month Average Volume: 88,648

From a technical perspective, NOAH is moving modestly higher here, with above-average volume. This move is coming off a near-term double bottom that hit once this stock found buying interest at $4.63 to $4.68. Shares of NOAH are now trending very close to triggering a near-term breakout trade. That trade will hit once NOAH takes out some near-term overhead resistance at $5.55 with high volume.