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8 Stocks Under $10 Skyrocketing Higher

YRC Worldwide

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YRC Worldwide (YRCW) , through its subsidiaries, provides various transportation services worldwide. This stock is trading up 6.9% to $5.87 in recent trading.

Today's Range: $5.52-$6.00

52-Week Range: $4.56-$567.00

Volume: 58,000

Three-Month Average Volume: 222,505

From a technical perspective, YRCW is ripping higher here on below-average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once YRCW takes out some near-term overhead resistance at $6.54 and then its 50-day moving average of $6.62 with high volume.

>>5 Stocks Setting Up to Break Out

Traders should now look for long-biased trades once YRCW can sustain a move or close above those levels with volume that's near or above 222,505 shares. If we get that action, then YRCW could re-test its next significant overhead resistance levels at $8.66 to $9.87.

Keep in mind that those targets are only reachable if YRCW is trending above its 50-day with strong upside volume flows.

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