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
GT Advanced Technologies
GT Advanced Technologies
is a worldwide provider of polysilicon production technology and crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry, and sapphire growth systems and material for the LED and other specialty markets. This stock is trading up 6.1% at $5.72 in recent trading.
Today's Range: $5.39-$5.89
52-Week Range: $3.92-$12.79
Volume: 3.1 million
Three-Month Average Volume: 2.4 million
From a technical perspective, GTAT is moving sharply to the upside here with above average volume, and this stock is taking out some near-term overhead resistance at $5.57.
Traders should now look for long-biased trades in GTAT as long as its trending above today's low of $5.39 with strong upside volume flows. I would consider any upside volume day that registers near or above 2.4 million shares as bullish. If GTAT can maintain that trend, and more importantly continue to trend above $5.57, then this stock will have a great chance of re-testing or possibly taking out its 200-day moving average of $6.90 soon.
is a precious metals producer, primarily engaged in the operation and further development of its acquired Velardena gold, silver and base metals mines in the State of Durango, Mexico, and in the advancement of the 100% owned El Quevar silver exploration property in the province of Salta, Argentina. This stock is trading up 7.2% to $4.74 in recent trading.
Today's Range: $4.35-$4.76
52-Week Range: $3.24-$14.60
Three-Month Average Volume: 296,061
From a technical perspective, AUMN is surging higher here back above its 50-day moving average of $4.51 with decent volume. This move has also pushed AUMN above some near-term overhead resistance levels at $4.45 to $4.49.
Traders should now look for long-biased trades in AUMN as long as its trending above today's low of $4.51 with strong upside volume flows. I would consider any upside volume day that registers near or above 296,061 shares as bullish. If that trend can hold for AUMN, then this stock has a great chance of re-testing and possibly taking out its next major overheard resistance levels at $5.45 to $5.94.
National Bank of Greece
National Bank of Greece
is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking, leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services. This stock is trading up 5.7% to $1.65 in recent trading.
Today's Range: $1.61-$1.67
52-Week Range: $1.12-$5.80
Three-Month Average Volume: 1.2 million
From a technical perspective, NBG is bouncing hard here right off its 50-day moving average of $1.57 with decent volume. This is the second time that NBG has tested its 50-day moving average and held it over the past month. This spike is quickly pushing NBG within range of taking out its next major overhead resistance levels at $1.72 to $1.75.
Traders should now look for long-biased trades once NBG manages to clear $1.72 to $1.75 with high volume. Look for a sustained move or close above those levels with volume that hits near or above 1,185,500 shares. Keep in mind you can also get long this stock off weakness and anticipate that breakout, as long as it holds some key near-term support levels at $1.57 to $1.51. If that breakout triggers soon, then look for NBG to re-test or possibly take out its next major overhead resistance levels at $1.98 to $2.26 in the near future.
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.