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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.
>>5 Stocks With Breakout Potential
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.Entravision CommunicationsEntravision Communications (
EVC) is a Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers in the U.S. This stock closed up 4.3% to $6.18 in Tuesday's trading session.
Tuesday's Range: $5.91-$6.22
52-Week Range: $1.13-$7.27
Thursday's Volume: 1 million
Three-Month Average Volume: 1.07 million
From a technical perspective, EVC spiked higher here right above its 50-day moving average of $5.59 with decent upside volume. This move pushed shares of EVC into breakout territory, since the stock took out some near-term overhead resistance at $6.12. Shares of EVC are now quickly moving within range of triggering another big breakout trade. That trade will hit if EVC manage to take out Tuesday's high of $6.22, and then once it clears some more near-term overhead resistance at $6.62 with high volume.
Traders should now look for long-biased trades in EVC as long as it's trending above its 50-day at $5.59 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.07 million shares. If that breakout triggers soon, then EVC will set up to re-test or possibly take out its 52-week high at $7.27. Any high-volume move above $7.27 will then give EVC a chance to tag $8 to $9.