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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.
Digital Generation(DGIT) is an ad management and distribution platform. DG helps advertisers engage with consumers across television and online media, while delivering ad campaigns. This stock is trading up 7.5% at $9.72 in recent trading.
Today's Range: $9.48-$10.06
52-week Range: $7.51-$35.47
Volume: 1.75 million
Three-Month Average Volume: 391,141
Shares of DGIT are ripping higher today after Karen Finerman said on last night's CNBC Fast Money show that the stock might have bottomed with shares down over 70% within the last year.
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From a technical perspective, DGIT is gapping up sharply here back above its 50-day
moving average of $9.38 with
monster volume. This move is quickly pushing DGIT within range of triggering a breakout trade. That trade will hit once DGIT takes out some near-term overhead resistance at $9.85 to $9.99 with high-volume. At last check, DGIT has hit a daily high of $10.06 and has now pulled back to near $9.70.
Traders should look for long-biased trades if DGIT can sustain a move or close above $9.99 to $10.06 with volume that's near or above 391,141 shares. If we get that action today or soon, look for DGIT to re-test its next significant overhead resistance levels near $10.70 to $12 in the near future. On the flipside, I would avoid going long this stock if it fails to trigger that breakout, and then closes back below $8.86 with heavy volume.