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 Under $10 Set to Soar Venaxis Venaxis ( APPY) is a biomedical diagnostic company that develops products for human diagnostic and animal health therapeutic needs. This stock is trading up 3.1% to $1.37 in recent trading. Today's Range: $1.33-$1.38
52-Week Range: $1.18-$3.96
Volume: 1.23 million
Three-Month Average Volume: 359,603 >>4 Health Care Stocks Under $10 to Watch From a technical perspective, APPY is trending higher here right above some near-term support at $1.30 with heavy upside volume. This stock has been dowtrending badly for the last four months, with shares dropping from $2.70 to its recent low of $1.27. During that move, shares of APPY were consistently making lower highs and lower lows, which is bearish technical price action. That move pushed shares of APPY into oversold territory, since its relative strength index dipped well below 30. Shares of APPY have now started to rebound off that $1.27 low and are quickly moving within range of triggering a near-term breakout trade, which will hit if APPY manages to take out some near-term overhead resistance at $1.40 with high volume. Traders should now look for long-biased trades in APPY as long as it's trending above $1.30 and then once it sustains a move or close above $1.40 with volume that hits near or above 359,603 shares. If that breakout triggers soon, then APPY will set up for a potentially explosive move higher off oversold levels. Some possible upside targets off that breakout are $1.60 to $1.70, or even its 50-day moving average at $1.83.
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