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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 MayBioCryst PharmaceuticalsBioCryst Pharmaceuticals (
BCRX) is a biotechnology company that designs, optimizes and develops novel drugs that block key enzymes involved in cancer, viral infections and autoimmune diseases. This stock is trading up 2% to $2.01 in recent trading.
Today's Range: $1.92-$2.09
52-Week Range: $1.08-$4.95
Volume: 3.73 million
Three-Month Average Volume: 1.21 million
>>3 Health Care Stocks Rising on Big Volume
From a technical perspective, BCRX is uptrending modestly here right above some near-term support at $1.80 with heavy upside volume. This move is quickly pushing shares of BCRX within range of triggering a major breakout trade. That trade will hit if BCRX manages to take out some near-term overhead resistance levels at $2.09 to $2.21 with high volume.
Traders should now look for long-biased trades in BCRX as long as it's trending above today's low of $1.92 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.21 million shares. If that breakout triggers soon, then BCRX will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $2.57 or at $2.88. Any high-volume move above $2.88 could then send BCRX towards $3 to $3.25.