WINDERMERE, Fla. (Stockpickr) -- Every day, the market sees certain stocks trading for $10 a share or less experience massive spikes higher. Traders savvy enough to follow the low-priced names and trade them with discipline and sound risk management are banking ridiculous coin on a regular basis.
Just take a look at some of the hot movers in the under-$10 complex from Wednesday, including Zogenix (ZGNX), which soared by 40%; First Security Group (FSGI), which ripped higher by 27.9%; Old Second Bancorp (OSBC), which jumped 24.5%; and Meru Networks (MERU), which advanced by 19.7%. You don't even have to catch the entire move in lower-priced stocks such as these to make outsized returns when trading.
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See if (ARWR) is in our portfolio
One low-priced stock that recently exploded higher was nanomedicine player Arrowhead Research (ARWR), which I highlighted in Feb. 20's "4 Biotech Stocks Under $10 Moving Higher" at around $2.04 a share. I mentioned in that piece that shares of ARWR were starting to rebound off its recent low of $1.75 and were quickly moving within range of triggering major breakout trade above some near-term overhead resistance levels at $2.18 to $2.24 a share.
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5 Stocks Under $10 Set to Soar