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
is a global supplier of office products and services. This stock is trading up 13% at $1.82 in recent trading.
Today's Range: $1.62-$1.86
52-Week Range: $1.51-$3.81
Volume: 25.8 million
Three-Month Average Volume: 3.95 million
Shares of ODP are skyrocketing today after the company reaffirmed their full-year guidance at the Goldman Sachs Annual Global Retailing Conference.
From a technical perspective, ODP is exploding higher here with monster volume after the stock recently formed a double bottom at $1.52 to $1.51. This move has now pushed ODP above some near-term overhead resistance at $1.72, and above its 50-day moving average of $1.80.
Traders should now look for long-biased trades in ODP once it triggers its next major breakout trade. That breakout will hit once ODP takes out $1.82 to $1.86 with high volume. Look for a sustained move or close above those levels with volume that's near or above 3.95 million shares. If that breakout triggers soon, then ODP has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $2.03 to its 200-day moving average of $2.46.
Central European Distribution
Central European Distribution
( CEDC) operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business. This stock is trading up 4.1% at $3.01 in recent trading.
Today's Range: $2.89-$3.11
52-Week Range: $2.49-$7.50
Three-Month Average Volume: 878,734
From a technical perspective, CEDC is moving higher here with decent volume. This stock recently formed a triple bottom at $2.52, $2.49 and $2.51. Following that bottom, shares of CEDC are now challenging its 50-day moving average of $2.95, and its testing some near-term overhead resistance at $3.05. At last check, CEDC has hit an intraday high of $3.11 and volume is tracking about 100,000 shares below its three-month average volume.
Traders should now look for long-biased trades in CEDC if it can hold today's low of $2.89, and then trigger a breakout above some near-term overhead resistance at $3.27 with high volume. Look for a sustained move or close above $3.27 with volume that hits near or above 878,734 shares. If that breakout triggers soon, then CEDC will have a great chance of re-testing or possibly taking out its 200-day moving average of $4.08.
is a specialty pharmaceutical company focused on the development and commercialization of late-stage prescription drugs for gastrointestinal disorders, specifically hemorrhoids, anal fissures and fecal incontinence. This stock is trading up 5.3% to $4.01 in recent trading.
Today's Range: $3.77-$4.04
52-Week Range: $3.46-$13.53
Three-Month Average Volume: 303,604
Shares of VTUS are moving sharply higher today in front of its upcoming presentation at the Stifel Nicolaus 2012 Healthcare Conference today and at the UBS Global Life Sciences Conference on Sept. 20.
From a technical perspective, VTUS is starting to move back above its 50-day moving average of $3.85 here with light volume. This move is coming after VTUS gapped down huge in June from over $12 to below $5 with monster volume. Following that plunge, shares of VTUS went on to hit a low of $3.46, and then trended sideways between $3.55 and $4.14 for two months. Shares of VTUS are now quickly moving into range of triggering a near-term breakout trade. That trade will hit once VTUS clears some near-term overhead resistance at $4.15 to $4.40 with high volume.
Traders should now look for long-biased trades in VTUS as long as its trending above its 50-day, and then once it sustains a move or close above $4.15 to $4.40 with volume that's near or above 303,604 shares. If that breakout triggers soon, then VTUS will have a great chance of hitting $5 to $6 in the near future.
Cal Dive International
Cal Dive International
is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. This stock is trading up 7% to $1.62 in recent trading.
Today's Range: $1.52-$1.63
52-Week Range: $1.48-$4.00
Volume: 2.2 million
Three-Month Average Volume: 1.4 million
From a technical perspective, DVR is ripping higher here right off some previous support levels at $1.51 to $1.48 with heavy volume. This move is coming after DVR recently gapped down big from $2.98 to under $1.80 with huge volume. Following that plunge, shares of DVR have found buying interest each time it's trading near or below $1.50.
Traders should now look for long-biased traders in DVR as long as it's trending above its recent low of $1.48 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,358,290 shares as bullish. If DVR can hold that low and continue to uptrend, then this stock could hit $1.80 to its 50-day moving average of $1.95 soon.
To see more stocks under-$10 that are making notable moves higher today, check out the
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
Follow Stockpickr on
and become a fan on
At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.