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.
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With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
dELiA*s (DLIA) operates as a multi-channel retail company, primarily marketing to teenage girls in the U.S. This stock closed up 4.9% to 85 cents per share in Thursday's trading session.
Thursday's Range: $0.80-$0.88
52-Week Range: $0.60-$1.83
Thursday's Volume: 560,000
Three-Month Average Volume: 1.10 million
From a technical perspective, DLIA bounced higher here with lighter-than-average volume. This move briefly pushed shares of DLIA into breakout territory, since the stock flirted with some near-term overhead resistance at 86 cents per share. Market players should now look for a continuation move higher in the short-term if DLIA manages to take out Thursday's high of 88 cents per share to its 50-day moving average at 93 cents per share with high volume.
Traders should now look for long-biased trades in DLIA as long as it's trending above 80 cents or above 75 cents per share and then once it sustains a move or close above 88 to 93 cents per share with volume that hits near or above 1.10 million shares. If we get that move soon, then DLIA will set up to re-test or possibly take out its next major overhead resistance level at 97 cents per share. Any high-volume move above that level will then give DLIA a chance to tag its 200-day moving average at $1.10.