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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.Gulf ResourcesGulf Resources (
GURE) manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration. This stock closed up 5.2% to $1.80 in Tuesday's trading session.
Tuesday's Range: $1.70-$1.87
52-Week Range: $0.88-$2.06
Tuesday's Volume: 254,000
Three-Month Average Volume: 181,642
From a technical perspective, GURE ripped sharply higher here right off its 50-day moving average of $1.70 with above-average volume. This move is quickly pushing shares of GURE within range of triggering a major breakout trade. That trade will hit if GURE manages to take out some near-term overhead resistance levels at $1.90 to its 52-week high at $2.06 with high volume.
Traders should now look for long-biased trades in GURE as long as it's trending above its 50-day at $1.70 or above more near-term support levels at $1.64 to $1.61 and then once it sustains a move or close above those breakout levels volume that hits near or above 181,642 shares. If that breakout triggers soon, then GURE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $2.50 to $3.