DELAFIELD, Wis. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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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
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.
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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.
) provides carrier-grade networking solutions that transform disparate and inefficient legacy networks into open, high-performance networks. This stock closed up 2.6% to $3.94 in Tuesday's trading session.
Tuesday's Range: $3.87-$4.19
52-Week Range: $3.61-$15.05
Tuesday's Volume: 1.19 million
Three-Month Average Volume: 185,685
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From a technical perspective, CYNI spiked modestly higher here right above its 52-week low of $3.61 with monster upside volume. This stock has been downtrending badly for the last three months and change, with shares falling from its high of $11.29 to its recent low of $3.61. During that downtrend, shares of CYNI have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of CYNI into oversold territory, since its current relative strength index reading is 12.58. Oversold can always get more oversold, but it's also an area where a stock can make a powerful bounce higher from.
Traders should now look for long-biased trades in CYNI as long as it's trending above its 52-week low of $3.61 and then once it sustains a move or close above Tuesday's high of $4.19 with volume that hits near or above 185,685 shares. If we get that move soon, then CYNI will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to $5, or possibly even $6.