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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
earnings release. Sometimes stocks making big moves have been hit with an
analyst upgrade or 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.
>>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.RTI SurgicalRTI Surgical (
RTIX) is a surgical implant company providing surgeons with biologic, metal and synthetic implants. This stock closed up 1.5% to $3.96 in Tuesday's trading session.
Tuesday's Range: $3.92-$4.00
52-Week Range: $3.32-$5.11
Tuesday's Volume: 441,000
Three-Month Average Volume: 256,911
>>4 Hot Stocks to Trade (or Not)
From a technical perspective, RTIX spiked modestly higher here and flirted with its 200-day moving average at $3.96 with above-average volume. This stock has been uptrending for the last month, with shares moving higher from its low of $3.32 to its recent high of $4.01. During that move, shares of RTIX have been making mostly higher lows and higher highs, which is bullish technical price action. That move is now pushing shares of RTIX within range of triggering a near-term breakout trade. That trade will hit if RTIX manages to take out some near-term overhead resistance levels at $4.01 to $4.14 with high volume.
Traders should now look for long-biased trades in RTIX as long as it's trending above some near-term support at $3.80 or its 50-day at $3.67 and then once it sustains a move or close above those breakout levels with volume that hits near or above 256,911 shares. If that breakout hits soon, then RTIX will set up to re-test or possibly take out its next major overhead resistance levels at $4.30 to $4.53. Any high-volume move above those levels will then give RTIX a chance to tag its 52-week high at $5.11.