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 provider of online care for the digital home and small business. This stock is trading up 16.5% to $4.58 in recent trading.
Today's Range: $4.27-$4.59
52-Week Range: $1.63-$4.55
Three-Month Average Volume: 147,358
Shares of SPRT are skyrocketing higher after the company reported third-quarter EPS of 4 cents per share versus estimates of a loss of 1 cent per share. Revenue for the quarter came in at $18.2 million vs. the consensus estimate of $18.08 million.
From a technical perspective, SPRT is gapping sharply higher here with monster volume. This move has started to push SPRT into breakout territory, since the stock has taken out some near-term overhead resistance levels at $4.39 to $4.55.
Traders should now look for long-biased trades in SPRT as long as it's trending above $4.27 to $4.55 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 147,358 shares as bullish. If SPRT can maintain that trend, then this stock has a great chance to re-test or possibly take out its next major overhead resistance levels at $4.85 to $6 in the near future.
is an exploration-stage company engaged in the acquisition, exploration and development of properties in the uranium sector. This stock is trading up 3% to $1.63 in recent trading.
Today's Range: $1.61-$1.64
52-Week Range: $1.08-$3.07
Three-Month Average Volume: 317,715
From a technical perspective, URZ is moving modestly higher here with light volume following the stock's recent spike back above its 50-day with heavy volume. This move today is quickly pushing URZ within range of triggering a near-term breakout trade. That trade will hit once URZ manages to take out some near-term overhead resistance levels at $1.66 to $1.73 with high volume.
Traders should now look for long-biased trades in URZ as long as it's trending above its 50-day at $1.58, and then once it sustains a move or close above those breakout levels with volume that hits near or above 317,715 shares. If that breakout triggers soon, then URZ will setup to re-test or possibly take out its next major overhead resistance levels at $1.83 to $1.89. If URZ takes out $1.89 with heavy volume, then this stock could trend up towards $2.20 to $2.60 in the near future.
is a gold production and development company. This stock is trading up 4.8% to $2.77 in recent trading.
Today's Range: $2.68-$2.81
52-Week Range: $1.45-$3.08
Three-Month Average Volume: 112,874
From a technical perspective, TGD is bouncing higher here right off its 50-day moving average of $2.67 with decent volume. This move is quickly pushing TGD within range of triggering a major breakout trade. That trade will hit once TGD manages to take out some near-term overhead resistance levels at $2.94 to $3.08 with high volume.
Traders should now look for long-biased trades in TGD as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 112,874 shares. If that breakout triggers soon, then TGD will set up to re-test or possibly take out its next major overhead resistance levels at $3.18 to $3.44 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.
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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.