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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 Big Insider Buying
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.ArotechArotech (
ARTX) is a defense and security products and services company, engaged in two business areas: interactive simulation for military, law enforcement and commercial markets; and batteries and charging systems for the military. This stock closed up 4.5% to $1.85 in Thursday's trading session.
Thursday's Range: $1.74-$1.90
52-Week Range: $0.91-$2.71
Thursday's Volume: 609,000
Three-Month Average Volume: 324,722
From a technical perspective, ARTX spiked sharply higher here back above its 50-day moving average of $1.83 with strong upside volume. Market players should now look for a continuation move higher in ARTX in the short-term if it can manage to take out Thursday's high soon with decent upside volume flows.
Traders should now look for long-biased trades in ARTX as long as it's trending above Thursday's low of $1.74 and then once it sustains a move or close above Thursday's high of $1.90 with volume that hits near or above 324,722 shares. If we get that move soon, then ARTX will set up to re-test or possibly take out its next major overhead resistance levels at $2.16 to $2.24. Any high-volume move above those levels will then give ARTX a chance to tag its 52-week high at $2.71.