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 Stocks Poised to Break Out Sunshine Heart Sunshine Heart (SSH) is an early-stage medical device company focused on developing, manufacturing and commercializing its C-Pulse Heart Assist System for treatment of Class III and ambulatory Class IV heart failure. This stock closed up 6.2% to $5.45 on Tuesday. Tuesday's Range: $5.39-$5.66
52-Week Range: $2.50-$17.25
Three-Month Average Volume: 68,690 Shares of SSH trended higher Tuesday after the company reported in-line results of a net loss of 47 cents per share. >>3 Biotech Stocks Surging on Big Volume From a technical perspective, SSH gapped up sharply higher here right above some near-term support at $5 with above-average volume. This move is quickly pushing shares of SSH within range of triggering a near-term breakout trade. That trade will hit if SSH manages to take out its 50-day moving average of $5.70 with high volume. Traders should now look for long-biased trades in SSH as long as it's trending above Tuesday's low of $5.37 and then once it sustains a move or close above $5.70 with volume that hits near or above 68,690 shares. If that breakout triggers soon, then SSH will set up to re-fill some its previous gap down zone from April that started near $6.25. Any high-volume move above $6.25 to $6.50 will then put its next major overhead resistance levels at its 200-day of $6.67 to $7 into range for shares of SSH.
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