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 Rocket Stocks to Buy as Stocks Bounce Keryx Biopharmaceuticals Keryx Biopharmaceuticals (KERX) is a biopharmaceutical company engaged in the acquisition, development and commercialization of medically important pharmaceutical products for the treatment of cancer and renal disease. This stock is trading up 1% to $8.08 in recent trading. Today's Range: $7.92-$8.18
52-Week Range: $1.55-$9.98
Three-Month Average Volume: 2,839,950 >>4 Stocks Spiking on Big Volume From a technical perspective, KERX is bouncing higher here right above its 50-day moving average at $7.79 with lighter-than-average volume. This stock has been trading inside of a tight consolidation pattern for the last two months, with shares moving between $7.55 on the downside and $8.80 on the upside. Shares of KERX are now starting to move within range of breaking out above the upper-end of its recent range. That breakout will hit if KERX manages to clear some near-term overhead resistance levels at $8.25 to $8.80 with high volume. Traders should now look for long-biased trades in KERX as long as it's trending above its 50-day at $7.79 or above some key near-term support at $7.55, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.83 million shares. If that breakout triggers soon, then KERX will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $9.98. Any high-volume move above $9.98 could then send KERX to $11 to $12.
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