10 Best-Performing, Heavily Traded Stocks Under $10

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 |  Includes: ACLS, AONEQ, BZH, CX, HOV, LSI, LYG, ODP, PHM, SPIL
by: Kinetic Investments

By Bert Wilkison

Below is a list of the ten best performing, heavily-traded stocks over the last four weeks that are changing hands under $10.00 a share.

A123 Systems, Inc. (AONE)

Price Change Over the Last 4 Weeks: 34.16%

A123 Systems designs, develops, manufactures and sells rechargeable lithium-ion batteries and battery systems, and provides research and development services to government agencies and commercial customers.

Its stock currently trades around $2.16, with 126.08M shares out, giving it a market cap of $272.33M. Institutional ownership stands around 40%-45% (depending on who you ask) and the total reported short interest as of 01/13/12 was 21.37M shares. The consensus analyst 12-month price target is $5, with the highest estimate being $10.

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Siliconware Precision Industries, Co. (NASDAQ:SPIL)

Price Change Over the Last 4 Weeks: 25.23%

Siliconware Precision Industries Co., Ltd. is a company that is principally engaged in the provision of semiconductor packaging and testing services.

Its stock currently trades around $5.46 with 624.80M shares out, giving it a market cap of $3.41B. It has a forward P/E of 27.30. Institutional ownership stands at 15% and the total reported short interest as of 01/13/12 was 4.31M shares. The consensus analyst 12-month price target is $5.34, with the highest estimate being $5.70.

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Beazer Homes USA, Inc. (NYSE:BZH)

Price Change Over the Last 4 Weeks: 31.05%

Beazer is a diversified homebuilder with active operations in 16 states. In its homebuilding operations, it designs, sells and builds single-family and multi-family homes.

Its stock currently trades around $3.25 with 76.41M shares out, giving it a market cap of $248.32M. Institutional ownership stands at 75% and the total reported short interest as of 01/13/12 was 11.53M shares. The consensus analyst 12-month price target is $3.75, with the highest estimate being $5.50.

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Office Depot, Inc. (NASDAQ:ODP)

Price Change Over the Last 4 Weeks: 23.45%

Office Depot is a global supplier of office products and services. The company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division.

Its stock currently trades around $2.94 with 280.47M shares out, giving it a market cap of $824.58M. It has a forward P/E of 42. Institutional ownership stands at 78% and the total reported short interest as of 01/13/12 was 29.79M shares. The consensus analyst 12-month price target is $3, with the highest estimate being $6.

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PulteGroup, Inc. (NYSE:PHM)

Price Change Over the Last 4 Weeks: 23.45%

PulteGroup, formerly Pulte Homes, is a holding company. Its subsidiaries are primarily engaged in the homebuilding business. The company also has mortgage banking operations, conducted principally through Pulte Mortgage.

Its stock currently trades around $7.79 with 382.78M shares out, giving it a market cap of $2.98B. It has a forward P/E of 41. Institutional ownership stands at 84% and the reported total short interest as of 01/13/12 was 32.41M shares. The consensus analyst 12-month price target is $7.75, with the highest estimate being $10.

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Axcelis Technologies, Inc. (NASDAQ:ACLS)

Price Change Over the Last 4 Weeks: 39.85%

Axcelis designs, manufactures and services ion implantation, dry strip and other processing equipment used in the fabrication of semiconductor chips. The company sells to semiconductor chip manufacturers worldwide.

Its stock currently trades around $1.86 with 106.48M shares out, giving it a market cap of $198.04M. It has a forward P/E of 37.20. Institutional ownership stands at 53% and the reported total short interest as of 01/13/12 was 3.06M shares. The consensus analyst 12-month price target is $2.50 and the highest estimate is also $2.50.

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LSI Corp. (NASDAQ:LSI)

Price Change Over the Last 4 Weeks: 30.08%

LSI designs, develops and markets storage and networking semiconductors and storage systems and provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information.

Its stock currently trades around $7.74 with 563.49M shares out, giving it a market cap of $4.36B. It has a forward P/E of 10.90. Institutional ownership stands at 79% and the reported total short interest as of 01/13/12 was 12.32M shares. The consensus analyst 12-month price target is $8.50, with the highest estimate being $10.50.

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Lloyds Banking Group (NYSE:LYG)

Price Change Over the Last 4 Weeks: 28.02%

Lloyds Banking Group plc is a financial services group that provides a range of banking and financial services, primarily in the U.K., to personal and corporate customers. It operates in four segments: retail, wholesale, wealth and international, and insurance.

Its stock currently trades around $2.01 with 17.20B shares out, giving it a market cap of $34.58B. The total reported short interest as of 01/13/12 was 4.61M shares. The consensus analyst 12-month price target is $3.16, with the highest estimate also being $3.16.

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Hovnanian Enterprises, Inc. (NYSE:HOV)

Price Change Over the Last 4 Weeks: 84.14%

Hovnanian designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise condominiums, urban infill and active adult homes in planned residential developments.

Its stock currently trades around $2.67 with 95.54M shares out, giving it a market cap of $250.32M. Institutional ownership stands at just 30% and the reported total short interest as of 01/13/12 was 16.26M shares. The consensus analyst 12-month price target is $1.50 with the highest estimate being $2.50.

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Cemex SAB de CV (NYSE:CX)

Price Change Over the Last 4 Weeks: 24.86%

Cemex is a Mexico-based holding company principally engaged in cement manufacturing. The company produces, distributes and sells cement, ready-mix concrete, aggregates and related building materials in more than 50 countries worldwide.

Its stock currently trades around $6.73 with 1B shares out, giving it a market cap of $6.83B. Institutional ownership stands at just 49% and the reported total short interest as of 01/13/12 was 91.83M shares. The consensus analyst 12-month price target is $5.40, with the highest estimate being $10.

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There are some real dogs up there, but there are also potentially some decent momentum plays to be had as well. Some of you may find some good day-trading stocks to play with (careful with that). Do your own digging and you may find some of the above names to be worthy of taking action on.

Disclosure: I am long CX, HOV.