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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
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.CelsionCelsion (
CLSN) is an innovative oncology drug development company focused on the development of treatments for those suffering with difficult to treat forms of cancer. This stock closed up 4.1% to $1.25 in Thursday's trading session.
Thursday's Range: $1.17-$1.28
52-Week Range: $0.75-$9.44
Thursday's Volume: 2.97 million
Three-Month Average Volume: 1.93 million
From a technical perspective, CLSN spiked higher here right off its 50-day moving average of $1.20 with heavy upside volume. This move is quickly pushing shares of CLSN within range of triggering a major breakout trade. That trade will hit if CLSN manages to take out Thursday's high of $1.28 and then once it clears some key resistance levels at $1.47 to $1.55 with high volume.
Traders should now look for long-biased trades in CLSN as long as it's trending above some near-term support at $1.15 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.93 million shares. If that breakout triggers soon, then CLSN will set up to re-test or possibly take out its next major overhead resistance levels at $2 to $2.10.