DELAFIELD, Wis. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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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
Sometimes stocks making big moves have been hit with an
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.
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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.
) provides solid-state drives and memory modules for computing devices and systems. This stock closed up 1.8% to $1.62 in Tuesday's trading session.
Tuesday's Range: $1.57-$1.65
52-Week Range: $1.11-$7.67
Tuesday's Volume: 926,000
Three-Month Average Volume: 1.46 million
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From a technical perspective, OCZ trended modestly higher here right above its 50-day moving average of $1.46 with decent upside volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $1.16 to its recent high of $1.77. During that move, shares of OCZ have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of OCZ within range of triggering a near-term breakout trade. That trade will hit if OCZ manages to take out some near-term overhead resistance levels at its 200-day moving average of $1.68 to more resistance at $1.77 to $1.90 with high volume.
Traders should now look for long-biased trades in OCZ as long as it's trending above its 50-day at $1.46 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.46 million shares. If that breakout hits soon, then OCZ will set up to re-test or possibly take out its next major overhead resistance levels at $2.28 to $2.31. Any high-volume move above those levels will then put its next major overhead resistance level at $2.77 into range for shares of OCZ.