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 to Buy for June Gains With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside. Doral Financial (DRL) operates as the bank holding company for Doral Bank, which provides retail banking services to general public and institutions. This stock closed up 21% to $4.94 in Tuesday's trading session. Tuesday's Range: $4.20-$5.13
52-Week Range: $1.87-$25.00
Tuesday's Volume: 2.59 million
Three-Month Average Volume: 855,078 From a technical perspective, DRL soared higher here and broke out above some near-term overhead resistance levels at $4.44 to $4.47 with heavy upside volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $2.76 to its intraday high of $5.13. During that move, shares of DRL have been consistently making higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move to the upside in the short-term if DRL manages to take out Tuesday's high of $5.13 with strong upside volume. Traders should now look for long-biased trades in DRL as long as it's trending above $4.47 or above Tuesday's low of $4.20 and then once it sustains a move or close above $5.13 with volume that hits near or above 855,078 shares. If that move starts soon, then DRL will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $6.24 to $8.
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