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 Hated Earnings Stocks Poised to Pop Dynavax Technologies Dynavax Technologies (DVAX), a clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases, asthma and inflammatory and autoimmune diseases. This stock closed up 9.2% to $2.13 on Tuesday. Tuesday's Range: $1.91-$2.14 52-Week Range: $1.74-$5.34 Volume: 3.27 million Three-Month Average Volume: 3.26 million From a technical perspective, DVAX ripped higher here off oversold territory with above-average volume. This stock recently gapped down from around $3 to $1.87 with heavy downside volume. Shares of DVAX went on hit its recent low of $1.74 and the stock entered oversold territory, since its relative strength index reading went below 30. That said, shares of DVAX have now started to rebound off that $1.74 and shares are quickly approaching a major breakout trade. That trade will hit if DVAX manages to take out some near-term overhead resistance at $2.13 to $2.14 with high volume. Traders should now look for long-biased trades in DVAX as long as it's trending above Tuesday's low of $1.91, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.26 million shares. If that breakout hits soon, then DVAX will set up to re-fill some of its previous gap down zone from late February that started near $3. Some possible upside targets if DVAX gets into that gap with volume are $2.70 to its 50-day moving average at $2.80.
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