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8 Stocks Under $10 Making Big Moves

KIT Digital

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KIT Digital (KITD) is a provider of end-to-end video management software and services. This stock is trading up 4.3% at $3.14 in recent trading.

Today's Range: $3.07-$3.22

52-Week Range: $2.64-$12.65

Volume: 389,000

Three-Month Average Volume: 752,422

From a technical perspective, KITD is moving sharply higher here with light volume. This move is coming after KITD recently formed a triple bottom chart pattern at $2.64, $2.65 and $2.67. Now shares of KITD are quickly moving within range of triggering a major breakout trade. That trade will hit once KITD takes out some near-term overhead resistance levels at $3.16 to $3.55, and then $3.82 with high volume.

Traders should now look for long-biased trades once KITD starts to clear those levels with volume that's near or above 752,422 shares. I would consider it very bullish if KITD can start to close above its 50-day moving average of $3.55 with strong upside volume flows. At last check, KITD has hit an intraday high of $3.23 and volume is well below its three-month average action of 752,422 shares. If KITD starts to breakout soon, then this stock has a chance of re-testing or possibly taking out its next major overhead resistance levels at $4.50 to $4.80.

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