https://www.thestreet.com/story/13610193/1/5-stocks-under-10-set-to-soar.html

Golden Minerals

One under-$10 basic materials player that's starting to trend within range of triggering a near-term breakout trade is Golden Minerals (AUMN) , which engages in mining, construction and exploration of mineral properties. This stock has been in play with the bulls over the last six months, with shares exploding higher by 142.4%.

If you take a glance at the chart for Golden Minerals, you'll notice that this stock has been uptrending over the last few weeks, with shares moving higher off its low of 31 cents per share to its recent high of 56 cents per share. During that uptrend, shares of Golden Minerals have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed this stock within range of triggering a near-term breakout trade above some key overhead resistance levels.

Market players should now look for long-biased trades in shares of Golden Minerals if it manages to break out above its 50-day moving average of 55 cents per share and then above more near-term overhead resistance levels at 56 to 61 cents per share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 598,542 shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at 75 to 87 cents, or even its 52-week high of 94 cents per share.

Traders can look to buy this stock off weakness to anticipate that breakout and simply use a stop that sits right around its 20-day moving average of 41 cents per share. One can also buy shares of Golden Minerals off strength once it starts to clear those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.