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5 Stocks Under $5 Making Big Moves

Office Depot

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Office Depot (ODP - Get Report) is a global supplier of office products and services. This stock is trading up 16% at $3.51 in recent trading.

Today's Range: $3.29-$3.56

52-Week Range: $1.75-$5.54

Volume: 14.3 million

Three-Month Average Volume: 4 million

Shares of ODP are soaring today after the company said that cutting its costs and selling more items at full price helped it return to fourth-quarter profitability, and its adjusted earnings beat Wall Street estimates.

>>5 Stocks Set to Soar off Bullish Earnings

From a technical perspective, ODP is gapping up huge today and breaking out above some near-term overhead resistance at $3.35 on monster volume.

If ODP can manage to close above $3.35 and near its daily highs, then traders should continue to look for long-biased trades in the short-term. A potential move back toward its next significant overhead resistance levels of $4.10 to $4.42 is possible if that $3.35 breakout level holds.
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SLTM $2.92 0.00%
ASM $0.96 0.00%
GPL $0.42 0.00%
GALE $1.65 0.00%
ODP $6.40 0.00%


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