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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
>>5 Stocks Ready for Breakouts
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 that are making large moves to the upside today.>>5 Hated Earnings Stocks Poised to PopSORL Auto PartsSORL Auto Parts(SORL - Get Report) develops, manufactures and distributes automotive air brake systems, air controlling systems and other related components to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. This stock is trading up 8% to $3.62 in recent trading.
Today's Range: $3.32-$3.70
52-Week Range: $1.71-$4.12
Three-Month Average Volume: 61,557
From a technical perspective, SORL is trending higher here right above its 50-day moving average of $3.16 with above-average volume. This move is quickly pushing shares of SORL within range of triggering a near-term breakout trade. That trade will hit if SORL manages to clear some near-term overhead resistance levels at $4.05 to $4.12 with high volume.
Traders should now look for long-biased trades in SORL as long as it's trending above its 50-day at $3.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 61,557 shares. If that breakout hits soon, then SORL will set up to re-test or possibly take out its next major overhead resistance levels at $5 to $5.45.