DELAFIELD, Wis. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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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
Sometimes stocks making big moves have been hit with an
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.
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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.
) develops, manufactures and sells light-emitting diode chips and LED components. This stock closed up 16.6% to $1.26 in Tuesday's trading session.
Tuesday's Range: $1.06-$1.31
52-Week Range: $0.60-$2.44
Tuesday's Volume: 1.46 million
Three-Month Average Volume: 282,434
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From a technical perspective, LEDS exploded higher here back above its 200-day moving average of $1.15 and broke out above some resistance at $1.19 with heavy upside volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of 79 cents to its intraday high of $1.31. During that uptrend, shares of LEDS have been consistently making higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in LEDS as long as it's trending above its 200-day at $1.15 or above Tuesday's low of $1.06 and then once it sustains a move or close above Tuesday's high of $1.31 to more resistance at $1.35 with volume that hits near or above 282,434 shares. If we get that move soon, then LEDS will set up to re-test or possibly take out its next major overhead resistance levels at $1.70 to $2.