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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Stocks Rising on Unusual Volume

Stocks in this article: ZUMZ EDMC LULU ULTA JVA GIII

G-III Apparel Group

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G-III Apparel Group (GIII) designs, manufactures and markets a range of outerwear, women's sportswear and dresses, including coats, jackets, pants, women's suits and women's performance wear. This stock is trading up 3.6% at $18.01 in recent trading

Today's Volume: 172,000

Average Volume: 290,414

Volume % Change: 74%

This stock is catching a bid today as investors swoop in to own shares in front of their quarterly earnings report which is slated for next week.

From a technical standpoint, this stock looks like it is forming a bottom and is attracting some value investors since shares of GIII have been so beaten down in the last few months. This stock has dropped from its July high near $40, to a recent low of $17.31. This huge plunge has created an oversold condition, since the relative strength index (RSI) reading is now 27. Any RSI reading of 30 or below is considered oversold.

>>4 Beaten-Down Stocks Poised for Rebounds

Oversold can stay oversold for a long time, but since we're seeing some high-volume buying move into the stock today, then GIII could be hitting a bottom. Traders should look to play the next major breakout for GIII, which will trigger once this stock moves above $19 on volume that's close to or greater than 290, 414 shares.

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