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
China Information Technology
China Information Technology
) provides information and display technologies in the Peoples Republic of China. This stock closed up 9.6% to $6.23 in Thursday's trading session.
Thursday's Range: $5.38-$6.25
52-Week Range: $0.91-$7.15
Thursday's Volume: 353,000
Three-Month Average Volume: 126,364
From a technical perspective, CNIT exploded higher here and broke out above some near-term overhead resistance at $6.04 with strong upside volume. Market players should now look for a continuation move higher in the short-term if shares of CNIT can manage to take out Thursday's high of $6.25 with bullish upside volume flows.
Traders should now look for long-biased trades in CNIT as long as it's trending above Thursday's low of $5.38, and then once it sustains a move or close above Thursday's high of $6.25 with volume that hits near or above 126,364 shares. If we get that move soon, then CNIT will set up to re-test or possibly take out its 52-week high at $7.15. Any high-volume move above $7.15 will then give CNIT a chance to tag $8.
Bona Film Group
Bona Film Group
) operates as a film distributor in China. Its activities consist of film sourcing, print and marketing, exhibition and film advertising. This stock closed up 5.7% to $5.75 in Thursday's trading session.
Thursday's Range: $5.47-$5.82
52-Week Range: $3.58-$7.77
Thursday's Volume: 518,000
Three-Month Average Volume: 375,830
From a technical perspective, BONA spiked sharply higher here right above some near-term support at $5.20 with above-average volume. This move pushed shares of BONA into breakout territory, since the stock took out some near-term overhead resistance at $5.58. Shares of BONA are now starting to trend within range of triggering another big breakout trade. That trade will hit if BONA manages to take out its 50-day moving average of $5.90 to some more near-term overhead resistance at $6.26 with high volume.
Traders should now look for long-biased trades in BONA as long as it's trending above some near-term support at $5.20, and then once it sustains a move or close above those breakout levels with volume that hits near or above 375,830 shares. If that breakout hits soon, then BONA will set up to re-test or possibly take out its next major overhead resistance levels at $7 to its 52-week high at $7.77.
) is a provider of Internet content and application delivery services in China. This stock closed up 5.6% to $7.52 in Thursday's trading session.
Thursday's Range: $7.12-$7.56
52-Week Range: $3.50-$10.64
Thursday's Volume: 267,000
Three-Month Average Volume: 447,058
From a technical perspective, CCIH spiked sharply higher here right above some near-term support at $7.10 with lighter-than-average volume. This stock has formed a major bottoming chart pattern, since shares have found buying interest over the last month and change each time it's pulled back to around or just below $7. Shares of CCIH are now starting to spike higher off those support levels and it's moving within range of triggering a major breakout trade. That trade will hit if CCIH manages to take out some near-term overhead resistance at $7.77 to its 50-day moving average of $7.78 with high volume.
Traders should now look for long-biased trades in CCIH as long as it's trending above some near-term support levels at $7.10 or at $6.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 447,058 shares. If that breakout hits soon, then CCIH will set up to re-fill some of its previous gap down zone from late November that started at $9.08.
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.