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 moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst like a recent
Sometimes stocks making big-percentage 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
is a pharmaceutical company focused on transforming medicine. This stock is trading up 9% at $5.25 in recent trading.
Today's Range: $5.31-$5.73
52-Week Range: $2.15-$6.39
Volume: 3.8 million
Three-Month Average Volume: 91,328
Shares of POZN are ripping higher today after the company said its drug candidate for coordinated delivery of omeprazole and aspirin met primary and secondary goals in late-stage clinical studies. The company expects to submit a new drug application in the third quarter.
, POZN is gapping up big today on monster volume. This move has also pushed POZN into
since the stock has moved above some overhead resistance levels at $4.83 to $4.85. As long as POZN can manage to close above those breakout levels and near its daily highs, then this stock should continue its uptrend.
If we get that action today, then look for POZN to re-test its next significant overhead resistance levels at $6.39 to $7 very soon.
Smith & Wesson
Smith & Wesson
is a global provider of products and services for safety, security, protection, and sport. This stock is trading up 11% at $7.73 in recent trading.
Today's Range: $7.10-$7.83
52-week Range: $2.29-$7.09
Volume: 2.7 million
Three-Month Average Volume: 931,933
From a technical perspective, SWHC is ripping higher today and breaking out above some near-term overhead resistance at $7.09 on heavy volume.
Traders should continue to look for long biased trades in SWHC as long as this stock continues to trend above that breakout level of $7.09 with strong upside volume flows. If we get that action, then look for SWHC to tag $10 in the very near future.
is engaged in development, manufacture and sale of electronic control devices designed for use in the law enforcement, military, corrections, private security and personal defense markets. This stock is trading up 7.4% at $4.49 in recent trading.
Today's Range: $4.19-$4.50
52-Week Range: $3.55-$6.49
Three-Month Average Volume: 415,120
Shares of TASR are moving sharply higher today after JPMorgan upgraded the stock to neutral from underweight based on valuation. JPMorgan also slapped a $5 price target on the stock.
From a technical perspective, TASR is soaring higher today and breaking out above some near-term overhead resistance at $4.35 heavy volume.
Traders should now watch for TASR to sustain a
and close back above its 50-day
of $4.49 and its 200-day of $4.70 to signal that this stock wants to trend much higher. Look for volume on a move and close above those levels that's near or well above 415,120 shares.
If we get that action soon, then look for TASR to tag $5 to $5.50 in the near future.
Taser was also featured recently in "
is an in-vitro diagnostic company. TearLab is commercializing a tear testing platform, the TearLab Osmolarity System that enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. This stock is trading up 11% at $3.00 in recent trading.
Today's Range: $2.70-$3.16
52-Week Range: $0.78-$3.14
Three-Month Average Volume: 154,143
From a technical perspective, TEAR is ripping higher today on strong volume, and is now trading within range of
Traders should now watch for a sustained
and close above some near-term overhead resistance at $3.14 to trigger that breakout. Look for volume on that move that's near or well above 154,143 shares. If we get that action soon, traders should continue to look for long biased trades in TEAR.
Keep in mind that the next significant overhead resistance level is at $3.25, so any high-volume move above that level will also lead to more upside.
China Automotive Systems
China Automotive Systems
is engaged in the manufacture and sale of automotive systems and components. This stock is trading up 4.8% to $7.34 in recent trading.
Today's Range: $7.05-$7.42
52-Week Range: $3.23-$11.59
Three-Month Average Volume: 88,938
From a technical perspective, CAAS is following through to the upside today after the stock recently broke out above some near-term overhead resistance levels at $6.65 to $6.75 with strong volume. Volume is once again strong today as CAAS continues to trend above those breakout levels.
Traders should continue to look for long-biased trades in CAAS as long as its trending above those key breakout levels with strong upside volume flows. If we continue to see that price action, then look for CAAS to hit its next significant overhead resistance levels at $8 to $9 in the very near future.
Silicon Graphics International
Silicon Graphics International
is a technical computing company. It develops, markets, and sells a range of computing servers and data storage, as well as differentiating software. This stock is trading up 3% to $9.60 in recent trading.
Today's Range: $9.09-$9.65
52-Week Range: $8.36-$22.95
Three-Month Average Volume: 826,416
From a technical perspective, SGI is moving notably higher today on decent volume. This move has now pushed SGI within range of a number of near-term breakout levels. The first breakout level sits at around $10, and the second level sits at just above $11. That $11 area happens to be the daily high from a recent gap down in price from over $14 to under $10.50.
Traders should continue to look for long-biased traders in SGI if it takes out $10 to $11 with high-volume. Look for a sustained high-volume move and close above those levels that comes on volume near or well above 826,416 shares. If we get that action soon, then look for SGI to fill some of that gap.
is a provider of integrated communications solutions focused on the small- to medium-sized enterprise. This stock is trading up 3.75% to $3.87 in recent trading.
Today's Range: $3.73-$3.95
52-Week Range: $1.92-$5.74
Three-Month Average Volume: 58,179
From a technical perspective, MITL is moving smartly higher today and following through off a recent breakout above some near-term overhead
Traders should continue to look for long-biased trades in MITL as long as this stock continues to trend above $3.54 and close near its daily highs. If we continue to see that action, then look for MITL to tag its next significant overhead resistance at $4.29 in the very near future. Any high-volume move above $4.29 will then setup MITL to re-test $5.
( AONE) designs, develops, manufactures and sells rechargeable lithium-ion batteries and battery systems, and provides research and development services to Government agencies and commercial customers. This stock is trading up 2.7% to $1.69 in recent trading.
Today's Range: $1.63-$1.77
52-Week Range: $1.51-$7.95
Volume: 2.2 million
Three-Month Average Volume: 3.1 million
From a technical perspective, AONE has started to flirt with a big breakout trade today since the stock briefly moved above some near-term overhead resistance at $1.72 with decent volume. At last check, AONE has now moved off its daily high of $1.77 to its current price of around $1.69.
Traders should only look for long-biased trades in AONE as long as the stock is trending above $1.72 or above $1.77 with strong upside volume flows. Look for a sustained high-volume move and close above those levels that registers volume that's near or well above 3.1 million shares. If we get that action soon, then look for AONE to re-test its 50-day
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.
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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.