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.>>5 Rocket Stocks Ready for Blastoff This Week With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside. Amarin (AMRN), a biopharmaceutical company, focuses on the development and commercialization therapeutic products for the treatment for cardiovascular diseases. This stock closed up 2.7% to $1.87 in Tuesday's trading session. Tuesday's Range: $1.78-$1.89
52-Week Range: $1.36-$8.76
Tuesday's Volume: 2.26 million
Three-Month Average Volume: 5.67 million >>5 Stock Charts to Buy for Gains in March From a technical perspective, AMRN spiked higher here with lighter-than-average volume. This move briefly pushed shares of AMRN back above its 50-day moving average of $1.88 after the stock tagged an intraday high of $1.89. Shares of AMRN closed just below that level at $1.87, but well off its intraday low of $1.78. This spike on Tuesday is quickly pushing shares of AMRN within range of triggering a major breakout trade. That trade will hit if AMRN manages to take out some near-term overhead resistance levels at $1.92 to $1.97 with high volume. Traders should now look for long-biased trades in AMRN as long as it's trending above some key near-term support levels at $1.68 or at $1.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.67 million shares. If breakout materializes soon, then AMRN will set up to re-fill some of its previous gap-down-day zone from January that started near $2.50.
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