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.
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. >>r Reasons to Buy Stocks in 2013 SciClone Pharmaceuticals SciClone Pharmaceuticals (SCLN) is a global specialty pharmaceutical company with a substantial international business, based mainly in the People's Republic of China, and with a product portfolio of novel therapies for cancer and infectious diseases. This stock is trading up 5.6% to $4.65 in recent trading. Today's Range: $4.38-$4.69 52-Week Range: $3.68-$7.58 Volume: 185,000 Three-Month Average Volume: 411,034 >>4 Biotech Stock Stars Losing Their Luster From a technical perspective, SCLN is bouncing higher here right off some near-term support at $4.36 with lighter-than-average volume. This move is quickly pushing shares of SCLN within range of triggering a near-term breakout trade. That trade will hit if SCLN manages to clear its 50-day moving average at $4.78 and then once it takes out more overhead resistance at $5.06 with high volume. Traders should now look for long-biased trades in SCLN as long as it's trending above that key near-term support level at $4.36 and then once it sustains a move or close above those breakout levels with volume that hits near or above 411,034 shares. If that breakout triggers soon, then SCLN will set up to re-test or possibly take out its next major overhead resistance levels at $5.39 to its 200-day at $5.40. Any high-volume move above $5.40 will then put $6 to $6.29 into range for shares of SCLN.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV