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.
) is an online travel company that uses innovative technology to enable leisure and business travelers to search for and book a range of travel products. This stock closed up 2.1% to $7 in Thursday's trading session.
Thursday's Range: $6.80-$7.11
52-Week Range: $2.26-$13.26
Thursday's Volume: 1.35 million
Three-Month Average Volume: 1.01 million
From a technical perspective, OWW spiked notably higher here with above-average volume. This stock has formed a major bottoming pattern over the last month, with buyers stepping in to support the stock at $6.68, $6.50 and $6.60. Shares of OWW have now started to uptrend off those support levels and flirt with a big breakout trade. That trade will hit if OWW manages to take out some near-term overhead resistance levels at $7 to $7.10 with high volume.
Traders should now look for long-biased trades in OWW as long as it's trending above some near-term support levels at $6.50 or at $6.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.01 million shares. If that breakout triggers soon, then OWW will set up to re-test or possibly take out its next major overhead resistance levels a $7.55 to its 200-day at $8.25. Any high-volume move above $8.25 will then give OWW a chance to re-fill some of its previous gap down zone from November that started at $9.59.