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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.Audience(ANDC)
This is a provider of intelligent voice and audio solutions that improve voice quality and the user experience in mobile devices. This stock is trading up 6.2% to $8.68 in recent trading.
Today's Range: $8.13-$8.83
52-Week Range: $5.51-$23.41
Three-Month Average Volume: 442,232
From a technical perspective, ADNC is trending higher here with light volume. This move has started to push the stock into breakout territory, since shares are moving above some near-term overhead resistance at $8.54. This move is also pushing ADNC into large gap down zone from September that started around $19.
Traders should now look for long-biased trades in ADNC as long as it's trending above $7.71, and then once it sustains a move or close above $8.54 with volume that hits near or above 442,232 shares. If ADNC can maintain a high-volume trend into that previous gap down zone, then this stock could be setting up for an explosive move higher. Some possible upside targets are $10 to $13 in the near future.