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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 Dividend Stocks That Want to Pay You More
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.Quantum Fuel Systems TechnologiesQuantum Fuel Systems Technologies (
QTWW) is an integrated alternative energy company engaged in the development and production of advanced clean propulsion systems, and renewable energy generation systems and services. This stock closed up 3.1% to $6.80 in Tuesday's trading session.
Tuesday's Range: $6.59-$6.87
52-Week Range: $1.85-$7.64
Tuesday's Volume: 649,000
Three-Month Average Volume: 718,565
From a technical perspective, QTWW spiked notably higher here with decent upside volume. This move is quickly pushing shares of QTWW within range of triggering a near-term breakout trade. That trade will hit if QTWW manages to take out Tuesday's high of $6.87 to some more near-term overhead resistance at $6.95 with high volume.
Traders should now look for long-biased trades in QTWW as long as it's trending above some near-term support at $6.12 and then once it sustains a move or close above those breakout levels with volume that hits near or above 718,565 shares. If that breakout hits soon, then QTWW will set up to re-test or possibly take out its 52-week high at $7.64. Any high-volume move above $7.64 will then give QTWW a chance to tag $8 to $8.50.