This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
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.
>>5 Stocks Insiders Love Right Now
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.Medical Action IndustriesMedical Action Industries (
MDCI) develops, manufactures, markets and supplies a variety of disposable medical products. This stock closed up 5.2% to $7.49 a share in Thursday's trading session.
Thursday's Range: $7.09-$7.50
52-Week Range: $2.53-$10.07
Thursday's Volume: 111,000
Three-Month Average Volume: 77,869
From a technical perspective, MDCI ripped higher here and broke out above some near-term overhead resistance at $7.23 with above-average volume. This stock has been uptrending strong for the last two months and change, with shares soaring higher from its low of $5.04 to its intraday high of $7.50. During that move, shares of MDCI have been making mostly higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move higher in the short-term if MDCI can manage to take out Thursday's high of $7.50 with strong volume.
Traders should now look for long-biased trades in MDCI as long as it's trending above its 200-day at $6.84 and then once it sustains a move or close above $7.50 with volume that hits near or above 77,869 shares. If we get that move soon, then MDCI will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $9.50.