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. Sophiris Bio Sophiris Bio ( SPHS) is a clinical-stage biopharmaceutical company that develops and commercializes innovative products for the treatment of urological diseases. This stock closed up 5.1% to $4.51 in Tuesday's trading session. Tuesday's Range: $4.25-$4.53
52-Week Range: $4.08-$17.68
Tuesday's Volume: 15,000
Three-Month Average Volume: 71,077 From a technical perspective, SPHS spiked higher here right above some near-term support at $4.08 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last two months and change, with shares moving between $4.08 on the downside and $5.11 on the upside. Shares of SPHS are now starting to trend within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if SPHS manages to take out some key near-term overhead resistance levels at $4.65 to $4.85 to some past overhead resistance at $5.11 with high volume. Traders should now look for long-biased trades in SPHS as long as it's trending above Tuesday's low of $4.25 or above its 52-week low of $4.08 and then once it sustains a move or close above those breakout levels with volume that hits near or above 71,077 shares. If that breakout hits soon, then SPHS will set up to re-test or possibly take out its next major overhead resistance level at $5.91.
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