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 Hedge Funds Love This Fall 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. Echo Therapeutics Echo Therapeutics ( ECTE) is a transdermal medical device company with skin permeation technology. This stock closed up 14.6% to $3.06 a share in Thursday's trading session. Thursday's Range: $2.71-$3.60
52-Week Range: $1.80-$16.00
Thursday's Volume: 959,000
Three-Month Average Volume: 163,722 From a technical perspective, ECTE exploded higher here right off its 50-day moving average of $2.70 with heavy upside volume. This move briefly pushed shares of ECTE into breakout territory, since the stock flirted with some near-term overhead resistance levels at $3.10 to $3.40. Shares of ECTE pulled back dramatically off its intraday high of $3.60 to close at $3.06. Despite that pullback, shares of ECTE still have a bullish look if the stock can remain above its 50-day and take out Thursday's high soon. Traders should now look for long-biased trades in ECTE as long as it's trending above its 50-day at $2.70 and then once it sustains a move or close above Thursday's high of $3.60 with volume that hits near or above 163,722 shares. If we get that move soon, then ECTE will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $5, or even its 200-day moving average at $5.60.