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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 Stocks Poised for Breakouts
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 Rocket Stocks to Buy for MayMolycorpMolycorp (
MCP) is a rare earth company. This stock is trading up 5.4% to $5.90 in recent trading.
Today's Range: $5.43-$5.96
52-Week Range: $4.70-$28.35
Volume: 4.86 million
Three-Month Average Volume: 6.55 million
>>2 Oil & Gas Stocks Spiking on Big Volume
From a technical perspective, MCP is spiking significantly higher here back above its 50-day moving average at $5.76 and back above some near-term overhead resistance at $5.82 with decent upside volume. This move has pushed shares of MCP into breakout territory, since both of those key resistance levels have been taken out. At last check, MCP has hit an intraday high of $5.96 and volume is a bit below its three-month average action of 6.55 million shares.
Traders should now look for long-biased trades in MCP as long as it's trending above its 50-day at $5.76 and then once it sustains a move or close above $5.82 with volume that hits near or above 6.55 million shares. If MCP maintains this move, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $6.55 to $6.61. Any high-volume move above those levels will then put $7.50 to $8 into range for shares of MCP.