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Stocks that are making large-percentage 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 like a recent
earnings release. Sometimes stocks making big-percentage moves have been hit with an
analyst upgrade or an
>>5 Stocks to Buy for an End-of-Year Rally
No matter what the reason is, 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 the trade correctly and combine a number of technical indicators like volume, price, and momentum indicators such as RSI. Combine all of those technical indicators with fundamental trends, disciple and sound money management and you will be well on your way to investment success.
With that in mind, let's take a closer look at a several
stocks under $10 that are making large-percentage moves to the upside today.
SuperMedia(SPMD) is a yellow pages directory publisher in the U.S. SuperMedia offers online advertising solutions. The company sells advertising solutions to its clients and places their advertising into its portfolio of advertising media. This stock is trading up 7.8% to $2.34 in recent trading.
Today's Range: $2-$2.45
52-week Range: $1.16-$12.63
Three-Month Average Volume: 84,411
From a technical standpoint, SPMD is quickly approaching a big breakout if it can manage to sustain a high-volume move and close above some past overhead resistance at $2.41 to $2.66. Volume today is already well above its three-month average of 84,411, so watch for a close at least over $2.41.
If we get that action, then this stock could easily re-test its 200-day moving average of $3.61 in the coming days or weeks.