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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
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.
>>Buy the Dips: This Bull Market's Not Over
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.AirMedia GroupAirMedia Group (
AMCN), through its subsidiaries, operates out-of-home advertising platforms in the People's Republic of China. This stock closed up 3.5% to $1.74 in Tuesday's trading session.
Tuesday's Range: $1.65-$1.75
52-Week Range: $1.50-$3.20
Thursday's Volume: 354,000
Three-Month Average Volume: 258,120
From a technical perspective, AMCN spiked higher here right above some previous support at $1.61 with above-average volume. This stock has been trending sideways and consolidating for the last month and change, with AMCN moving between $1.58 on the downside and $1.89 on the upside. Shares of AMCN 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 trade will hit if AMCN manages to take out some near-term overhead resistance levels at $1.78 to its 50-day moving average at $1.83, and then once it takes out more near-term overhead resistance at $1.89 with high volume.
Traders should now look for long-biased trades in AMCN as long as it's trending above Tuesday's low of $1.65 or above more near-term support at $1.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 258,120 shares. If that breakout hits soon, then AMCN will set up to re-test or possibly take out its next major overhead resistance levels at $2.20 to $2.40. Any high-volume move above those levels will then give AMCN a chance to tag $3 to its 52-week high at $3.20.