4 Stocks Under $5 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 that are making large moves to the upside today.
China Ceramics (CCCL) is a Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings. This stock is trading up 6.9% to $3.10 in recent trading.
Today's Range: $2.93-$3.25
52-Week Range: $1.33-$4.75
Three-Month Average Volume: 149,723
From a technical perspective, CCCL is bouncing higher here right above some near-term support at $2.85 and above its 50-day moving average of $2.77 with lighter-than-average volume. This move is quickly pushing shares of CCCL within range of triggering a major breakout trade, which will hit if CCCL manages to take out some near-term overhead resistance levels at $3.35 to $3.59 and then once it clears more past resistance at $3.63 with high volume.
Traders should now look for long-biased trades in CCCL as long as it's trending above near-term support at $2.85 or above its 50-day at $2.77, and then once it sustains a move or close above those breakout levels with volume that hits near or above 149,723 shares. If that breakout triggers soon, then CCCL will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.75. Any high-volume move above $4.75 will then put $5 to $5.45 into range for shares of CCCL.
Novatel Wireless (NVTL) is a provider of wireless broadband access solutions for the worldwide mobile communications market. This stock is trading up 6.7% to $1.91 in recent trading.
Today's Range: $1.80-$1.92