7 Stocks Under $10 With Relative Strength
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.
>>5 Huge Stocks Ready to Slingshot Higher 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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Jamba(JMBA) is a restaurant retailer of better-for-you beverage and food offerings, including fruit smoothies, juices and teas, hot oatmeal made with organic steel cut oats, probiotic fruit and yogurt blends, Whirl'ns frozen yogurt, wraps, salads, sandwiches, California Flatbreads and a variety of baked goods and snacks. This stock is trading up 8% to $2.41 in recent trading.
Today's Range: $2.20-$2.46
52-Week Range: $1.21-$2.27
Volume: 1.8 million
Three-Month Average Volume: 494,653
From a technical perspective , JMBA is skyrocketing higher here with massive volume. This move has pushed JBMA into breakout territory , since the stock has taken out some near-term overhead resistance at $2.10 to $2.27.
Traders should now look for the next major breakout trade to trigger for JMBA. That trade will hit once JMBA takes out some past overhead resistance at $2.55 to $2.79 with high-volume. Traders should look for long-biased trades once JMBA sustains a move or close above those levels with volume that's near or above 494,653 shares. If we get that action soon, then this stock has an excellent chance of tagging its next major overhead resistance levels at $3.50 to $3.83, or possibly even higher. Research In Motion
Research In Motion (RIMM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market. This stock is trading up 4% to $8.00 in recent trading.