WINDERMERE, Fla. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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
Sometimes stocks making big moves have been hit with an
>>5 Stocks Ready to Break Out
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.
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(BDBD - Get Report)
, a marketer of functional food products in the U.S. under the Smart Balance and Earth Balance trademarks, closed up 5% to $9.10 on Tuesday.
Tuesday's Range: $8.61-$9.26
52-Week Range: $4.90-$13.99
Three-Month Average Volume: 866,302
From a technical perspective, BDBD bounced higher here right off some near-term support at $8.50 with above-average volume. This move is coming after the stock recently plunged badly from $13.80 to its low of $7.90. That beat-down pushed shares of BDBD into oversold territory, since its relative strength index reading dipped below 30. Shares of BDBD have now started to rebound off that $7.90 low and it's quickly moving within range of triggering a major breakout trade. That trade will hit if BDBD manages to take out some near-term overhead resistance at $9.39 with high volume.
Traders should now look for long-biased trades in BDBD as long as it's trending above $8.50 and then once it sustains a move or close above $9.39 with volume that hits near or above 866,302 shares. If that breakout triggers soon, then BDBD will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $11.17 to possible its 50-day moving average of $12.22.