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 With Big Insider Buying 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. Parker Drilling Parker Drilling ( PKD) provides contract drilling and drilling-related services and operates in approximately 12 countries. This stock closed up 2.2% to $6.49 in Thursday's trading session. Thursday's Range: $6.33-$6.53
52-Week Range: $3.61-$6.56
Thursday's Volume: 647,000
Three-Month Average Volume: 731,186 From a technical perspective, PKD trended modestly higher here right off some near-term support at $6.25 with lighter-than-average volume. This stock has been uptrending a bit for the last few weeks, with shares moving higher from its low of $5.68 to its recent high of $6.56. During that move, shares of PKD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PKD within range of triggering a near-term breakout trade. That trade will hit if PKD manages to take out Thursday's high of $6.53 and its 52-week high of $6.56 with high volume. Traders should now look for long-biased trades in PKD as long as it's trending above support at $6.25 or its 50-day at $5.96 and then once it sustains a move or close above those breakout levels with volume that hits near or above 731,186 shares. If that breakout hits soon, then PKD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $7.25 to $7.60.
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