WINDERMERE, Fla. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>Outwit the S&P in 2013 With 5 Hated Stocks
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
Sometimes stocks making big moves have been hit with an
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.
>>5 "Magic Formula" Stocks for 2013
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.
This company is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. This stock is trading up 5.6% to $2.23 in recent trading.
Today's Range: $2.10-$2.24
52-Week Range: $1.90-$11.10
Volume: 1.65 million
Three-Month Average Volume: 3.09 million
From a technical perspective, RSH is ripping higher here back above its 50-day moving average of $2.16 with lighter than average volume. This move is coming after shares of RSH recently formed a double bottom at around $1.90 to $1.92. Shares of RSH are now quickly moving within range of triggering a near-term breakout trade. That trade will hit once RSH manages to clear some near-term overhead resistance levels at $2.25 to $2.37 with high volume.
Traders should now look for long-biased trades in RSH as long as it's trending above its 50-day at $2.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.09 million shares. If that breakout triggers soon, then RSH will set up to re-test or possibly take out its next major overhead resistance levels at $2.71 to $3.10. Any high-volume move above $3.18 would then put $3.67 into focus for shares of RSH.