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. OraSure Technologies OraSure Technologies ( OSUR) develops, manufactures, markets and sells oral fluid diagnostic products and specimen collection devices using its proprietary oral fluid technologies. This stock closed up 6.8% to $6.38 in Thursday's trading session. Thursday's Range: $5.90-$6.58
52-Week Range: $3.75-$8.32
Thursday's Volume: 1.75 million
Three-Month Average Volume: 520,143 From a technical perspective, OSUR spiked sharply higher here right off its 50-day moving average of $5.98 with strong upside volume. This stock has been trending sideways for the last month and change, with shares moving between $5.72 on the downside and $6.69 on the upside. Shares of OSUR are now starting to spike higher and move within range of triggering a breakout trade above the upper-end of its sideways trading chart pattern. That breakout will hit if OSUR manages to take out some near-term overhead resistance levels at $6.69 to $6.70 with high volume. Traders should now look for long-biased trades in OSUR as long as it's trending above Thursday's low of $5.90 or above more support at $5.72 and then once it sustains a move or close above those breakout levels with volume that hits near or above 520,143 shares. If that breakout hits soon, then OSUR will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8.