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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 Stocks Insiders Love Right NowIamgoldIamgold(IAG - Get Report) is a gold mining company that explores, develops and operates gold mining properties and also operates niobium mine. This stock is trading up 5.4% to $7.30 in recent trading.
Today's Range: $6.98-$7.31
52-Week Range: $6.04-$16.88
Volume: 3.05 million
Three-Month Average Volume: 5.25 million
>>2 Mining Stocks You Might Want to Unload
From a technical perspective, IAG is ripping higher here right off some near-term support at $7 with lighter-than-average volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $6.04 to its recent high of $7.37. During that move, shares of IAG have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IAG within range of triggering a near-term breakout trade. That trade will hit if IAG manages to take out some near-term overhead resistance levels at $7.19 to $7.37 with high volume.
Traders should now look for long-biased trades in IAG as long as it's trending above some key near-term support levels at $6.88 to $7 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.25 million shares. If that breakout triggers soon, then IAG will set up to re-test or possibly take out its next major overhead resistance levels at $7.75 to its 50-day moving average at $8.22, or even $8.87.