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8 Stocks Under $10 Skyrocketing Higher

Leap Wireless

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Leap Wireless (LEAP - Get Report) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. This stock is trading up 5.7% at $5.72 in recent trading.

Today's Range: $5.43-$5.91

52-Week Range: $4.68-$17.66

Volume: 974,000

Three-Month Average Volume: 2.1 million

From a technical perspective, LEAP is surging sharply higher here after the stock recently gapped down big on heavy volume. This move is quickly pushing LEAP within range of triggering a breakout trade. That trade will hit once LEAP takes out some near-term overhead resistance at $5.91 to $6.43 with high volume.

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Traders should now look for long-biased trades if LEAP can sustain a move or close above $5.91 to $6.43 with volume that's near or above 2.1 million shares. If we get that action soon, then LEAP can attempt to fill some of that gap back toward $8. At last check, LEAP has hit an intraday high of $5.92 and volume is well below its average action.

If LEAP fails to trigger that breakout, I would then avoid this stock if it moves back below $5.16 with heavy volume.

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LEAP $0.00 0.00%
CLWR $0.00 0.00%
RDN $16.35 0.00%
ROSG $2.98 0.00%
PPC $23.71 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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