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TheStreet Open House

5 Stocks Under $10 Making Big Moves

Stocks in this article: BODYDXSNAKMCHXMTG

Body Central

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Body Central ( BODY) is a multi-channel specialty retailer that operates apparel stores and also conducts direct business via catalogues and Web site. This stock closed up 3.2% to $6.43 in Tuesday's trading session.

Tuesday's Range: $6.18-$6.43
52-Week Range: $6.00-$13.39
Tuesday's Volume: 418,000
Three-Month Average Volume: 279,597

>>5 Stocks Rising on Big Volume

From a technical perspective, BODY jumped notably higher here with above-average volume. This stock gapped down sharply recently from $12 to under $8 with heavy downside volume. Following that move, shares of BODY went on to make a new low at $6 with bearish downside volume flows. That move has now pushed shares of BODY into oversold territory, since the stock's current relative strength index reading is 32.42. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.

Traders should now look for long-biased trades in BODY as long as it's trending above that recent low of $6 and then once it sustains a move or close above some near-term overhead resistance at $6.48 with volume that hits near or above 279,597 shares. If we get that move soon, then BODY could experience a sharp oversold bounce that takes this stock back towards $7.75 to $8.50.

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