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.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. >>5 Big Stock Charts You Need to See Nektar Therapeutics Nektar Therapeutics (NKTR) is a clinical-stage biopharmaceutical company developing a pipeline of drug candidates that utilize its PEGylation and polymer conjugate technology platforms, which are designed to improve the benefits of drugs for patients. This stock is trading up 3.4% to $9.34 in recent trading. Today's Range: $8.90-$9.37 52-Week Range: $5.65-$10.98 Volume: 518,000 Three-Month Average Volume: 944,082 Shares of NKTR are moving higher today ahead of its quarterly earnings report, which is due out on Feb. 28 after the market close. >>4 Biotech Stock Stars Losing Their Luster From a technical perspective, NKTR is spiking higher here right off some near-term support at $8.88 with decent upside volume. This stock has been trading inside of a consolidation pattern for the last month and change, with shares moving between $8.46 on the downside and $9.58 on the upside. Shares of NKTR are now quickly moving within range of triggering a breakout trade above the upper-end of its consolidation chart pattern. That breakout will hit if NKTR manages to take out some near-term overhead resistance levels at $9.41 to $9.58 with high volume.
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 + 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