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 Big Stocks to Trade for Big Gains 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. Central European Media Enterprises Central European Media Enterprises ( CETV) is a media and entertainment company that operates broadcast, content and new media businesses in central and Eastern Europe. This stock closed up 8.7% to $2.37 in Tuesday's trading session. Tuesday's Range: $2.20-$2.40
52-Week Range: $2.03-$6.85
Tuesday's Volume: 1.48 million Three-Month Average Volume: 1.11 million From a technical perspective, CETV ripped sharply higher here right off some near-term support at $2.17 with above-average volume. This move pushed shares of CETV into breakout territory, since the stock took out some near-term overhead resistance at $2.31. This move is also coming off oversold territory, since CETV's current relative strength index reading is 29.39. Market players should now look for a continuation move higher in the short-term if CETV can take out Tuesday's high of $2.40 to some more resistance at $2.53 with high volume. Traders should now look for long-biased trades in CETV as long as it's trending above support at $2.17 or at $2.12 and then once it sustains a move or close above $2.40 to $2.53 with volume that hits near or above 1.11 million shares. If we get that move soon, then CETV will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.18. Any high-volume move above $3.18 will then give CETV a chance to tag its 200-day at $4.17.