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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 Hated Earnings Stocks That Deserve Your Love
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 Stocks Poised for BreakoutsArray BioPharmaArray BioPharma(ARRY - Get Report) is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 2.2% to $4.98 in recent trading.
Today's Range: $4.87-$5.01
52-Week Range: $3.00-$6.17
Three-Month Average Volume: 800,159
From a technical perspective, ARRY is trending modestly higher here right above some near-term support at $4.74 with decent upside volume. This move is quickly pushing shares of ARRY within range of triggering a near-term breakout trade. That trade will hit if ARRY manages to clear some near-term overhead resistance at $5 with high volume.
Traders should now look for long-biased trades in ARRY as long as it's trending above some key near-term support at $4.74 or at $4.50 and then once it sustains a move or close above $5 with volume that hits near or above 800,159 shares. If that breakout triggers soon, then ARRY will set up to re-test or possibly take out its next major overhead resistance levels at $5.50 to $6.