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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.
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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.dELiA'sdELiA's (
DLIA) is a multi-channel retail company comprised of two lifestyle brands mainly targeting teenage girls and young women. This stock closed up 6.1% to $1.38 in Thursday's trading session.
Thursday's Range: $1.29-$1.40
52-Week Range: $0.63-$1.83
Thursday's Volume: 872,000
Three-Month Average Volume: 295,811
From a technical perspective, DLIA ripped higher here and broke out above some near-term overhead resistance at 41.33 with heavy upside volume flows. This breakout comes after shares of DLIA were basing in a range for the last two months, with the stock trending between $1.03 on the downside and $1.33 on the upside. Market players should now look for a continuation pattern higher in shares of DLIA in the short-term, if this uptrend can hold.
Traders should now look for long-biased trades in DLIA as long as it's trending above Thursday's low of $1.29 or its 50-day at $1.19 and then once it sustains a move or close above Thursday's high of $1.40 to more resistance at $1.48 with volume that hits near or above 295,811 shares. If we get that move soon, then DLIA will set up to re-test or possibly take out its next major overhead resistance levels at $1.63 to its 52-week high at $1.83. Any high-volume move above $1.83 will give DLIA a chance to tag $2 to $2.50.