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.>>5 Stocks Poised for Breakouts 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. Adecoagro Adecoagro ( AGRO) is an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. It engages in growing corn, cotton, rice, soybeans, sugar, sunflowers, and wheat. This stock closed up 0.26% to $7.60 in Tuesday's trading session. Tuesday's Range: $7.51-$7.65
52-Week Range: $6.01-$9.65
Tuesday's Volume: 370,000
Three-Month Average Volume: 216,908 >>4 Hot Stocks to Trade (or Not) From a technical perspective, AGRO bounced modestly higher here right off its 200-day moving average of $7.54 with above-average volume. This stock has been trending sideways for the last month, with shares moving between $7.20 on the downside and $7.70 on the upside. Shares of AGRO are now starting to move within range of triggering a breakout trade above the upper-end of its recent range. That trade will hit if AGRO manages to take out some key overhead resistance levels at $7.70 to $7.97 with high volume. Traders should now look for long-biased trades in AGRO as long as it's trending above near-term support at $7.29 or at $7.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 216,908 shares. If that breakout triggers soon, then AGRO will set up to re-test or possibly take out its next major overhead resistance levels at $8.60 to $9.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts