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. >>5 Hated Earnings Stocks That Deserve Your Love GT Advanced Technologies GT Advanced Technologies (GTAT) is a technology company with innovative crystal growth equipment and solutions for solar, LED and electronics industries. This stock is trading up 10.6% to $3.64 in recent trading. Today's Range: $3.33-$3.65 52-Week Range: $2.61-$7.33 Volume: 3.77 million Three-Month Average Volume: 3.18 million From a technical perspective, GTAT is soaring higher here right above its 50-day moving average of $3.14 with above-average volume. This move is quickly pushing shares of GTAT within range of triggering a major breakout trade. That trade will hit if GTAT manages to take out some near-term overhead resistance levels at $3.84 to $3.94 and then once it clears its 200-day at $4.14 with high volume. Traders should now look for long-biased trades in GTAT as long as it's trending above today's low of $3.33 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.18 million shares. If that breakout triggers soon, then GTAT will set up to re-test or possibly take out its next major overhead resistance levels at 4.65 to $5.27.
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