52-Week Range: $0.80-$2.40
Volume: 1.42 million
Three-Month Average Volume: 857,278 >>4 Hot Stocks to Trade (or Not) From a technical perspective, APP spiked sharply higher here right off its 50-day moving average of $1.97 with heavy upside volume. This move pushed shares of APP into breakout territory, since the stock took out some near-term overhead resistance at $2.08. Shares of APP are now quickly moving within range of triggering another near-term breakout trade. That trade will hit if APP manages to clear some more resistance at $2.20 with high volume. Traders should now look for long-biased trades in APP as long as it's trending above $2.08 or above its 50-day at $1.97, and then once it sustains a move or close above $2.20 with volume that hits near or above 857,278 shares. If that breakout triggers soon, then APP will set up to re-test or possibly take out its 52-week high at $2.40. Any high-volume move above $2.40 will then give APP a chance to tag $3.