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.
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 earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.>>5 Under-$10 Plays Poised to Pop 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 several stocks under $10 that are making large moves to the upside today.>>5 Stocks Insiders Are Scooping Up
SGOCO Group
SGOCO Group ( SGOC), which is focused on developing its own brands and distribution in the Chinese flat panel display market, is trading up 13.7% to $1.32 in recent trading. Today's Range: $1.16-$1.41 52-Week Range: $0.61-$3.78 Volume: 133,000 Three-Month Average Volume: 85,820 From a technical perspective, SGOC is ripping higher here right off its 50-day moving average of $1.13 with above-average volume. This stock recently formed a double bottom chart pattern at $1.12 prior to today's monster spike. Shares of SGOC are now moving within range of triggering a near-term breakout trade. That trade will hit if SGOC manages to take out some near-term overhead resistance levels at its 200-day of $1.38 and then above more resistance at $1.55 with high volume. Traders should now look for long-biased trades in SGOC as long as it's trending above $1.12, and then once it sustains a move or close above those breakout levels with volume that hits near or above 85,820 shares. If that breakout triggers soon, then SGOC will set up to re-test or possibly take out its next major overhead resistance levels at $2.06 to $2.30.
Elephant Talk Communications
Elephant Talk Communications ( ETAK) provides Internet, telephony and data communications software services to both mobile phone companies and businesses. This stock is trading up 10% to $1.21 in recent trading. Today's Range: $1.14-$1.22 52-Week Range: $2.10-$4.15 Volume: 258,000 Three-Month Average Volume: 226,025 From a technical perspective, ETAK is ripping higher here right above its 50-day moving average of $1.08 with above-average volume. This move is quickly pushing shares of ETAK within range of triggering a near-term breakout trade. That trade will hit if ETAK manages to take out some near-term overhead resistance levels at $1.23 to $1.24 and then once it clears more resistance at $1.30 with high volume. Traders should now look for long-biased trades in ETAK as long as it's trending above its 50-day at $1.08, and then once it sustains a move or close above those breakout levels with volume that hits near or above 226,025 shares. If that breakout hits soon, then ETAK will set up to re-test or possibly take out its next major overhead resistance levels at $1.48 to $1.58. Any move above $1.58 will then put $1.64 to $1.89 into range for shares of ETAK.
Uranerz Energy
Uranerz Energy ( URZ) is an exploration stage company engaged in the acquisition, exploration and development of properties in the uranium sector. The stock is trading up 2.7% to $1.50 in recent trading. Today's Range: $1.46-$1.54 52-Week Range: $1.08-$3.07 Volume: 486,000 Three-Month Average Volume: 305,066 From a technical perspective, URZ is moving modestly higher here right above its 50-day moving average of $1.37 with above-average volume. This move is also starting to push URZ back above its 200-day moving average of $1.50 and within range of triggering a near-term breakout trade. That trade will hit if URZ manages to take out some near-term overhead resistance at $1.54 with high volume. Traders should now look for long-biased trades in URZ as long as it's trending above its 50-day at $1.37, and then once it sustains a move or close above those breakout levels with volume that hits near or above 305,066 shares. If that breakout triggers soon, then URZ will set up to re-test or possibly take out its next major overhead resistance levels at $1.73 to $1.89. Any high-volume move above $1.89 will then put $2 to $2.20 into range for shares of URZ.
International Tower Hill Mines
International Tower Hill Mines ( THM) controls a 100% interest in the Livengood gold project near Fairbanks, Alaska, which ranks among the top 2% in deposit size of recent gold discoveries. This stock is trading up 3.4% to $2.39 in recent trading. Today's Range: $2.30-$2.43 52-Week Range: $1.91-$5.62 Volume: 63,000 Three-Month Average Volume: 222,310 From a technical perspective, THM is moving modestly higher here right off some near-term support at $2.29 and just above its 50-day moving average of $2.19 with lighter volume. This stock has been uptrending for the last month, with shares moving higher from its low of $1.91 to its recent high of $2.49. During that move, shares of THM have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of THM within range of triggering a near-term breakout trade. That trade will hit if THM manages to take out some near-term overhead resistance at $2.49 with high volume. Traders should now look for long-biased trades in THM as long as it's trending above its 50-day at $2.19, and then once it sustains a move or close above $2.49 with volume that hits near or above 222,310 shares. If that breakout triggers soon, then THM will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $2.84 to $2.93. Any high-volume move above those levels will then put $3.18 to $3.24 into focus for shares of THM. To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
