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.>>Cheap Trades: 5 Breakout Stocks Under $10 With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside. Groupon (GRPN) operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. This stock closed up 8.1% to $8.41 in Tuesday's trading session. Tuesday's Range: $7.87-$8.50
52-Week Range: $4.24-$12.76
Tuesday's Volume: 65.18 million
Three-Month Average Volume: 19.49 million From a technical perspective, GRPN ripped sharply higher here right above its recent low of $7.67 with heavy upside volume. This stock recently gapped down sharply from over $10 to $8 with heavy downside volume. Shares of GRPN are now starting to rebound off that $7.67 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if GRPN manages to take out Tuesday's high of $8.50 to its gap-down-day high of $8.97 with high volume.
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