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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 Itching 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.NII Holdings(NIHD)
This company provides wireless communication services targeted at meeting the needs of customers who use its services in their businesses and individuals that have medium to high usage patterns. This stock is trading up 4.8% to $5.21 in recent trading.
Today's Range: $5.01-$5.27
52-Week Range: $4.75-$24.32
Three-Month Average Volume: 5.28 million
From a technical perspective, NIHD is bouncing higher here right off some near-term support at $4.75 to $4.85 with light volume. This move is quickly pushing NIHD within range of triggering a near-term breakout trade. That trade will hit once NIHD manages to take out some near-term overhead resistance at $5.44 with high volume.
Traders should now look for long-biased trades in NIHD as long as it's trending above $4.75 to $4.85, and then once it sustains a move or close above $5.44 with volume that hits near or above 5.28 million shares. If we get that action, then NIHD will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to it 50-day at $7.04.