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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
>>5 Huge Stocks to Trade for Gains
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.>>5 Favorite Stocks From the ProsUranium ResourcesUranium Resources(URRE) is engaged in the business of acquiring, exploring, developing and mining uranium properties, using the in solution mining process. This stock closed up 1.5% to $2.71 on Thursday.
Thursday's Range: $2.66-$2.92
52-Week Range: $2.55-$10.30
Three-Month Average Volume: 195,055
From a technical perspective, URRE trended up on Thursday right above some near-term support at $2.55 with above-average volume. This stock has been downtrending badly for the last month and change, with shares plunging lower from its high of $5.99 to its recent low of $2.55. During that move, shares of URRE have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of URRE have started to bounce off that $2.55 low and its now approaching a near-term breakout trade. That trade will hit if URRE manages to take out some near-term overhead resistance levels at $2.78 to $2.94 with high volume.
Traders should now look for long-biased trades in URRE as long as it's trending above Thursday's low of $2.66 or that key near-term support level at $2.55, and then once it sustains a move or close above those breakout levels with volume that hits near or above 195,055 shares. If that breakout triggers soon, then URRE will set up to re-test or possibly take out its next major overhead resistance levels at $3.27 to its 50-day moving average at $3.41. Any high-volume move above $3.41 to $3.44 will then put $3.67 to $4 into range for shares of URRE.