5 Stocks Under $10 Making Big Moves

MADISON, Wis. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

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Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside today.

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American Apparel

American Apparel ( APP) designs, manufactures and sells for women, men, children and pets through retail, wholesale and online distribution channels. This stock closed up 7% to $2.13 on Thursday.

Thursday's Range: $1.98-$2.13
52-Week Range: $0.80-$2.40
Volume: 1.42 million
Three-Month Average Volume: 857,278

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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.

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