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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
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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
several stocks under $10 that are making large moves to the upside today.>>5 Stocks Insiders Love Right NowMGT Capital InvestmentsMGT Capital Investments(MGT), through its subsidiaries, is engaged in the development and commercialization of medical imaging software in the United Kingdom, the U.S., Europe, Japan and China. This stock is trading up 9.2% to $3.80 in recent trading.
Today's Range: $3.65-$4.05
52-Week Range: $1.95-$7.46
Three-Month Average Volume: 46,716
From a technical perspective, MGT is spiking significantly higher here with heavy upside volume. This move has briefly pushed shares of MGT into breakout territory, since the stock has flirted with some near-term overhead resistance at $3.85. At last check, MGT has hit an intraday high of $4.05 and volume is substantially higher than its three-month average action of 46,716 shares.
Traders should now look for long-biased trades in MGT as long as it's trending above today's low of $3.65 and then once it sustains a break out above $4.05 to its 200-day moving average at $4.22 with volume that hits near or above 46,716 shares. If that breakout triggers soon, then MGT will set up to re-test or possibly take out its next major overhead resistance levels at $4.69 to $5.10. Any high-volume move above those levels will then put $5.50 to $5.89 into range for shares of MGT.