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 Stocks Insiders Love Right Now With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside. Skystar Bio Pharmaceutical Skystar Bio Pharmaceuticals (SKBI), through its subsidiaries, engages in the research, development, production, marketing, and sale of veterinary healthcare and medical care products in the People's Republic of China. This stock closed up 7.5% to $6.94 a share in Thursday's trading session. Thursday's Range: $6.31-$6.99
52-Week Range: $1.00-$7.00
Thursday's Volume: 115,000
Three-Month Average Volume: 66,990 From a technical perspective, SKBI surged sharply higher here with above-average volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $3.50 to its recent high of $7 a share. During that uptrend, shares of SKBI have been making mostly higher lows and higher highs, which is bullish technical price action. This sharp spike higher on Thursday is quickly pushing shares of SKBI within range of triggering a big breakout trade. That trade will hit if SKBI manages to take its 52-week high at $7 with strong volume. Traders should now look for long-biased trades in SKBI as long as it's trending above Thursday's low of $6.13 or above $6 and then once it sustains a move or close above its 52-week high at $7 with volume that hits near or above 66,990 shares. If that breakout materializes soon, then SKBI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $9 to $10.
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