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. Catalyst Pharmaceutical Partners Catalyst Pharmaceutical Partners (CPRX) operates as development-stage specialty pharmaceutical company. This stock closed up 8.6% to $2.40 in Thursday's trading session. Thursday's Range: $2.27-$2.51
52-Week Range: $0.45-$3.65
Thursday's Volume: 7.47 million
Three-Month Average Volume: 901,429 From a technical perspective, CPRX ripped higher here with monster upside volume. This move briefly pushed shares of CPRX into breakout territory, after the stock flirted with some near-term overhead resistance at $2.49. Shares of CPRX hit an intraday high on Thursday of $2.51 before closing just below that level at $2.40. Market players should now look for a continuation move higher in the short-term if CPRX manages to take out Thursday's high of $2.51 with strong volume. Traders should now look for long-biased trades in CPRX as long as it's trending above its 50-day at $2.11 and then once it sustains a move or close above $2.51 with volume that hits near or above 901,429 shares. If we get that move soon, then CPRX will set up to re-test or possibly take out its next major overhead resistance levels at $2.87 to $3. Any high-volume move above those levels will then give CPRX a chance to re-test its 52-week high at $3.65.
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