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 Favorite Stocks From the Pros Accretive Health Accretive Health (AH) provides services that help health care providers generate sustainable improvements in their operating margins and health care quality while also enhancing patient, physician and staff satisfaction. This stock closed up 2% to $9.62 on Thursday. Thursday's Range: $9.40-$9.67 52-Week Range: $7.75-$25.28 Volume: 636,000 Three-Month Average Volume: 1.1 million From a technical perspective, shares of AH bounced higher on Thursday right above some near-term support at $9.29 with lighter-than-average volume. This stock recently gapped down huge from over $12 to its recent low of $8.55 with heavy downside volume. Following that move, shares of AH have started to rebound and are now quickly approaching a major breakout trade. That trade will hit if AH manages to take out some near-term overhead resistance levels at $9.73 to $9.82 with high volume. Traders should now look for long-biased trades in AH as long as it's trending above some key near-term support levels at $9.29 or $9.17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.1 million shares. If that breakout hits soon, then this stock will set up to re-fill some of its previous gap down zone that started near $12. Some possible upside targets if AH gets into that gap with volume are $11 to its 200-day at $11.58.
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