3 Stocks Under $10 Making Big Moves Higher

DELAFIELD, Wis. (Stockpickr) -- As part of a daily routine as an active trader or investor, one should always be tracking the stocks in the market that are making the biggest percentage gains and the biggest percentage losses. 

Stocks that are making large moves to the upside 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.

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 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.

ReneSola

ReneSola  (SOL), through its subsidiaries, manufactures and sells various solar power products. This stock is trading up 3.9% to $1.58 in Tuesday's trading session.

Tuesday's Range: $1.52-$1.62
52-Week Range: $1.20-$4.05
Tuesday's Volume: 518,000
Three-Month Average Volume: 913,533

From a technical perspective, SOL is ripping higher here right above its 50-day moving average of $1.36 with decent upside volume flows. This spike to the upside on Tuesday is starting to push shares of SOL within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will hit if SOL manages to clear some near-term overhead resistance levels at $1.62 to $1.65 and then above some past resistance at $1.69 with high volume.

If you liked this article you might like

5 Breakout Stocks to Buy for Big Gains

13 Stocks to Buy for the Second Half of 2015

Stocks Fall but S&P 500 Finishes Year With Double-Digit Percentage Gains

Stocks Sell Off in Final Hour as Oil Dictates 2014's Winners and Losers