4 Stocks Under $10 Making Big Moves

Five Star Quality Care

Five Star Quality Care (FVE), which operates senior living communities, is trading up 4.6% to $5.74 in recent trading.

Today's Range: $5.47-$5.80

52-Week Range: $2.98-$5.98

Volume: 268,000

Three-Month Average Volume: 313,193

From a technical perspective, FVE is ripping higher here right above some near-term support at $5.20 and right above its 50-day moving average at $5.02 with decent volume. This move is quickly pushing shares of FVE within range of triggering a major breakout trade. That trade will hit if FVE manages to take out its 52-week high at $5.98 with high volume.

Traders should now look for long-biased trades in FVE as long as it's trending its 50-day at $5.02, and then once it sustains a move or close above $5.98 with volume that hits near or above 313,193 shares. If that breakout triggers soon, then FVE will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6.15 to $7 in the near future.

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.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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