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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

4 Stocks Under $10 Making Big Moves

Traders should now look for long-biased trades in WIFI as long as it's trending above some near-term support at $5.50 or $5.35 and then once it sustains a move or close above those breakout levels with volume that hits near or above 120,705 shares. If that breakout triggers soon, then WIFI will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $6.75 to its gap down day high near $7. Any high-volume move above $7 will then give WIFI a chance to re-fill some of its gap down zone that started at $8.

Bluelinx

Bluelinx (BXC) is a distributor of building products including lumber, structural panels, hardwood plywood, roofing, insulation, metal products, vinyl siding and particleboard. This stock is trading up 2.4% to $2.94 in recent trading.

Today's Range: $2.79-$3.00

52-Week Range: $1.83-$3.48

Volume: 123,000

Three-Month Average Volume: 169,421

From a technical perspective, BXC is trending higher here and starting to flirt with its 50-day moving average of $2.97 with decent upside volume. Shares of BXC have also started to break out above some near-term overhead resistance levels at $2.82 to $2.89. At last check, BXC has hit an intraday high of $3 and volume is just a bit below its three-month average action of 169,421 shares.

Traders should now look for long-biased trades in BXC as long as it's trending above $2.82, and then once it sustains a move or close above its 50-day at $2.97 with volume that hits near or above 169,421 shares. If that breakout triggers soon, then BXC will set up to re-test or possibly take out its next major overhead resistance levels at $3.17 to $3.30. Any high-volume move above those levels will then put its 52-week high at $3.48 into play for shares of BXC.

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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Follow Stockpickr on Twitter and become a fan on Facebook.

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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