5 Stocks Under $5 Making Big Moves
Stocks that are making large-percentage 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 moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst like a recent earnings release. Sometimes stocks making big % moves have been hit with an analyst upgrade or an analyst upgrade.
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 several stocks under $5 that are making large-percentage moves to the upside today .
Joe's Jeans (JOEZ) is engaged in designing, developing and marketing its Joe's products, which include denim jeans, related casual wear and accessories. This stock is trading up 4% at $1.27 in recent trading.
Today's Range: $1.22-$1.34
52-Week Range: $0.50-$1.33
Three-Month Average Volume: 402,248
Shares of JOEZ are ripping higher today after the company said it received notification from the Nasdaq Stock Market indicating that the company has regained compliance with Nasdaq's $1.00 minimum bid price requirement.
From a technical perspective, JOEZ is bouncing higher off some near-term support at $1.18 today on above-average volume. This bounce is quickly pushing JOEZ within range of triggering a near-term breakout trade . That trade will hit once JOEZ takes out $1.33 with high-volume.
Traders should look for long-biased trades in JOEZ if it can sustain a move and close above $1.33 on volume that's near or above 402,248 shares. If we get that action soon, look for JOEZ to make a run at its next significant overhead resistance levels at $1.50 to $1.75. Complete Genomics
Complete Genomics (GNOM) is a life sciences company that has developed and commercialized a DNA sequencing platform. This stock is trading up 10% at $3.33 in recent trading.
Today's Range: $3.01-$3.46
52-Week Range: $2.21-$18.55
Volume: 2.2 million
Three-Month Average Volume: 1.8 million