8 Stocks Under $10 Skyrocketing Higher

Feihe International (ADY) is a producer and distributor of milk powder, soybean milk powder, and related dairy products in the People's Republic of China. This stock is trading up 9.4% at $6.81 in recent trading.

Today's Range: $6.25-$6.93

52-Week Range: $2.22-$9.32

Volume: 239,000

Three-Month Average Volume: 358,803

From a technical perspective, ADY is bouncing hard here right off some near-term support at $5.95 with decent volume. This bounce has already pushed ADY into breakout territory, since the stock has pushed above some near-term overhead resistance at $6.43. Another even bigger breakout trade is now setting up for ADY. That trade will trigger once ADY takes out some near-term overhead resistance at $7.09 with high volume.

Traders should now look for long-biased trades once ADY sustains a move or close over $6.43 to $7.09 with volume that's near or above 358,803 shares. At last check, ADY has hit an intraday high of $6.93 and volume is about 100,000 shares below its three-month average volume. If ADY triggers that breakout soon, then this stock could see a huge move back towards its May high of $9.30, or possibly even its 2011 high of $12.50. Keep in mind that ADY will only have a chance to challenge those targets if it maintains a high-volume trend above $7.09. Arca Biopharma