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 analyst downgrade.
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 Volume: 265,000 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV