4 Stocks Under $10 Making Big Moves
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.
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.
>>4 Breakout Buys for January -- and One Sell Golden Minerals
Golden Minerals (AUMN) , a precious metals producer, is primarily engaged in the operation and further development of Velardea gold, silver and base metals mines in the State of Durango, Mexico, and silver exploration property in Salta, Argentina. This stock is trading up 4.5% to $4.82 in recent trading.
Today's Range: $4.66-$4.87
52-Week Range: $3.24-$10.60
Three-Month Average Volume: 332,777
From a technical perspective, AUMN is spiking higher here right above its 50-day moving average of $4.29 with lighter volume. This move is quickly pushing AUMN within range of triggering a near-term breakout trade. That trade will hit if AUMN manages to take out its 200-day at $4.94 and then some more overhead resistance at $4.97 with high volume.
Traders should now look for long-biased trades in AUMN as long as it's trending above its 50-day at $4.29, and then once it sustains a move or close above those breakout levels with volume that hits near or above 332,777 shares. If that breakout hits soon, then AUMN will set up to re-test or possibly take out its next major overhead resistance levels $5.50 to $6. Any high-volume move above those levels will then put $6.15 to $7.22 into range for shares of AUMN. Artio Global Investors
Artio Global Investors (ART) is an asset management company that provides investment management services to institutional and mutual fund clients. This stock is trading up 2.9% to $2.07 in recent trading.