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
Sometimes stocks making big moves have been hit with an
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.
With that in mind, let's take a closer look at a
) provides carrier-grade networking solutions that transform disparate and inefficient legacy networks into open, high-performance networks. This stock closed up 2.9% to $4.13 in Tuesday's trading session.
Tuesday's Range: $4.03-$4.28
52-Week Range: $3.61-$15.05
Thursday's Volume: 515,000
Three-Month Average Volume: 303,759
From a technical perspective, CYNI jumped higher here right above some near-term support at $4 with above-average volume. This stock has been trending sideways for the last few weeks, with shares moving between $4 on the downside and $4.43 on the upside. Shares of CYNI are now starting to move within range of triggering a big breakout trade above the upper-end of its recent range. That trade will hit if CYNI manages to take out Tuesday's high of $4.28 to some more near-term overhead resistance at $4.43 with high volume.
Traders should now look for long-biased trades in CYNI as long as it's trending above some key near-term support at $4 or above more support at $3.61 and then once it sustains a move or close above those breakout levels with volume that hits near or above 303,759 shares. If that breakout hits soon, then CYNI will set up to re-test or possibly take out its next major overhead resistance level at $5.38. Any high-volume move above $5.38 will then give CYNI a chance to tag $6.
) develops, manufactures, sources, markets and distributes removable data storage media products and certain consumer electronic products. This stock closed up 4.5% to $4.62 in Tuesday's trading session.
Tuesday's Range: $4.37-$4.66
52-Week Range: $3.32-$5.14
Tuesday's Volume: 89,000
Three-Month Average Volume: 101,533
From a technical perspective, IMN spiked sharply higher here right above its 50-day moving average of $4.23 with decent upside volume. This move is quickly pushing shares of IMN within range of triggering a near-term breakout trade. That trade will hit if IMN manages to take out Tuesday's high of $4.65 to some more near-term overhead resistance at $4.72 with high volume.
Traders should now look for long-biased trades in IMN as long as it's trending above Tuesday's low of $4.37 or above its 50-day at $4.23 and then once it sustains a move or close above those breakout levels with volume that hits near or above 101,533 shares. If that breakout hits soon, then IMN will set up to re-test or possibly take out its 52-week high at $5.14. Any high-volume move above $5.14 will then give IMN a chance to tag $5.50 to $6.
To see more stocks that are making notable moves higher today, check out the
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-- Written by Roberto Pedone in Delafield, Wis.
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At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.