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American Apparel(APP - Get Report) is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel. This stock is trading up 3% to $0.85 in recent trading.
Today's Range: $0.82-$0.89
52-Week Range: $0.52-$1.69
Volume: 1.3 million
Three-Month Average Volume: 587,786
Shares of APP are soaring today after the company's CEO was interviewed earlier in the day on
From a technical perspective, APP has started to move back above its 200-day moving average today at 83 cents with high-volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once APP takes out 93 to 95 cents with high-volume.
Traders should look for long-biased trades if APP can move and close over those levels with volume that's near or above 587,786 shares. If we get that action soon, look for APP to make a run at $1.05 to $1.21 or higher.
To see more stocks that are making notable moves higher today, check out the
Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.