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.IMRIS (IMRS) This company develops, assembles and installs VISIUS Surgical Theatres that are used for a variety of medical applications, as well as provides ancillary products and services and extended maintenance services. This stock closed up 7.3% to $1.90 in Thursday's trading session. Thursday's Range: $1.75-$1.92 52-Week Range: $1.75-$4.75 Thursday's Volume: 80,000 Three-Month Average Volume: 97,189 From a technical perspective, IMRS jumped higher here and reversed strong after the stock hit a new 52-week low at $1.75 with decent upside volume. This stock has been downtrending badly for the last month, with shares plunging from its high of $3.40 to its new 52-week low at $1.75. During that downtrend, shares of IMRS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of IMRS into oversold territory, since the stock's current relative strength index reading is 35.85. Oversold can always get more oversold, but it's also an area where a stock can rebound sharply higher form. Traders should now look for long-biased trades in IMRS as long as it's trending above its 52-week low of $1.75, and then once it sustains a move or close above some near-term overhead resistance levels at $2 to $2.09 with volume that hits near or above 97,189 shares. If we get that move soon, then IMRS could easily rebound higher towards its 50-day moving average of $2.52 to possibly $2.80.
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