5 Stocks Under $10 Making Big Moves
American Apparel (APP) is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel. This stock is trading up 3.9% at $1.06 in recent trading.
Today's Range: $1.02-$1.0852-Week Range: $0.52-$1.21 Volume: 175,000 Three-Month Average Volume: 208,064 >>5 Stocks Under $10 Set to Soar From a technical perspective, APP is moving notably higher here with decent volume. This stock recently found buyers right off its 200-day at 82 cents and its 50-day at 87 cents with above average volume. Those buyers have now pushed the stock above two key overhead resistance levels at 95 cents and at $1. Now APP is quickly moving within range of triggering another major breakout. That breakout will trigger once APP takes out its April high of $1.09 with high volume. Traders should now look for long-biased trades once APP sustains a move or close over $1.09 with volume that's near or above 208,064 shares. If that breakout hits soon, then APP will have a great chance of re-testing or taking out its next major overhead resistance levels at $1.21 to $1.30, or possibly even $1.69.
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