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 analyst downgrade.
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 Big Stocks to Trade for Big Gains 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. MiMedx Group MiMedx Group (MDXG) is an integrated developer, manufacturer and marketer of patent protected regenerative biomaterial products and allografts processed from human amniotic membrane. This stock closed up 5.8% to $5.84 in Tuesday's trading session. Tuesday's Range: $5.50-$5.98
52-Week Range: $1.81-$7.73
Tuesday's Volume: 928,000
Three-Month Average Volume: 494,935 From a technical perspective, MDXG ripped sharply higher here right off its 200-day moving average of $5.66 with strong upside volume. This move pushed shares of MDXG into breakout territory, since the stock took out some near-term overhead resistance at $5.76. Shares of MDXG are now quickly moving within range of triggering another big breakout trade. That trade will hit if MDXG manages to take out Tuesday's high of $5.98 to more resistance at $5.99 with high volume. Traders should now look for long-biased trades in MDXG as long as it's trending above some key near-term support at $5.24 or above its 50-day at $4.92, and then once it sustains a move or close above those breakout levels with volume that's near or above 494,935 shares. If that breakout hits soon, then MDXG will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to $6.75.
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