DELAFIELD, Wis. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stock Trades to Take This Week
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.
>>5 Hated Earnings Stocks You Should Love
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.
China Recycling Energy
China Recycling Energy
) engages in the recycling energy business, providing energy savings and recycling products and services. This stock closed up 9.2% to $3.07 in Tuesday's trading session.
Tuesday's Range: $2.69-$3.14
52-Week Range: $0.78-$3.14
Tuesday's Volume: 410,000
Three-Month Average Volume: 95,671
>>5 Stocks Ready to Break Out
From a technical perspective, CREG spiked sharply higher here right above some near-term support at $2.60 with heavy upside volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $1.66 to its recent high of $3.16. During that uptrend, shares of CREG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CREG within range of triggering a major breakout trade. That trade will hit if CREG manages to take out some near-term overhead resistance levels at $3.16 to $3.50 with high volume.
Traders should now look for long-biased trades in CREG as long as it's trending above support at $2.60 or above its 50-day at $2.41 and then once it sustains a move or close above those breakout levels with volume that hits near or above 95,671 shares. If that breakout hits soon, then CREG will set up to tag $4 to $5.