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. Tasman Metals (TAS), a junior resource company, is engaged in the acquisition and exploration of rare earth elements and tungsten in Scandinavia. This stock closed up 8.5% to $1.39 a share in Tuesday's trading session. Tuesday's Range: $1.26-$1.43
52-Week Range: $0.50-$1.58
Tuesday's Volume: 327,000
Three-Month Average Volume: 140,777 >>5 Stock Charts to Buy for Gains in March From a technical perspective, TAS soared sharply higher here and broke out above some near-term overhead resistance at $1.36 with above-average volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $1 to its intraday high of $1.43. During that uptrend, shares of TAS have been making mostly higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move higher in the short-term if TAS manages to take out Tuesdays' high of $1.43 with strong volume. Traders should now look for long-biased trades in TAS as long as it's trending above Tuesday's low of $1.26 and then once it sustains a move or close above $1.43 with volume that hits near or above 140,777 shares. If that move gets underway soon, then TAS will set up to re-test or possibly take out its next major overhead resistance levels at its 52-week high of $1.58 to $2.04.
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