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.>>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. Net 1 Ueps Technologies Net 1 Ueps Technologies ( UEPS) is a provider of payment solutions and transaction processing services across multiple industries. This stock closed up 4.9% to $8.23 in Tuesday's trading session. Tuesday's Range: $7.76-$8.30
52-Week Range: $4.61-$13
Tuesday's Volume: 205,000
Three-Month Average Volume: 193,566 From a technical perspective, UEPS spiked sharply higher here with above-average volume. This stock recently gapped down big from $11.50 to $7.33 with above-average volume. That move has pushed shares of UEPS into oversold territory, since its current relative strength index reading is 29.69. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. Shares of UEPS have now started to move within range of triggering a big breakout trade. That trade will hit if UEPS manages to take out some near-term overhead resistance levels at $8.44 to its 200-day moving average at $8.67 with high volume. Traders should now look for long-biased trades in UEPS as long as it's trending above Tuesday's low of $7.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 193,566 shares. If that breakout hits soon, then UEPS will set up to re-fill some of its previous gap down zone that started at $11.50.