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.
Sky-mobi (MOBI) operates a mobile application store in China. This stock is trading up 6.5% to $2.03 in recent trading.
Today's Range: $1.90-$2.05
52-Week Range: $1.68-$5.55
Three-Month Average Volume: 65,340
From a technical perspective, MOBI is trending higher here back above its 50-day moving average of $2.02 with decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit if MOBI manages to take out its 200-day at $2.14 and then once it clears more resistance at $2.20 to $2.25 with high volume.
Traders should now look for long-biased trades in MOBI as long as it's trending above $1.90 or its 50-day at $2.02 and then once it sustains a move or close above those breakout levels with volume that hits near or above 65,350 shares. If that breakout hits soon, then MOBI will set up to re-test or possibly take out its next major overhead resistance levels $2.50 to $2.65. Any high-volume move above $2.65 would then put $3 to $3.25 into focus for shares of MOBI.
Active Network (ACTV) provides organization-based cloud computing applications services to business customers in North America, Europe and internationally. This stock is trading up 1% to $5.72 in recent trading.
Today's Range: $5.61-$5.87
52-Week Range: $4.60-$17.74
Three-Month Average Volume: 746,677
From a technical perspective, ACTV is bouncing modestly higher here right above its 50-day moving average of $5.25 with lighter-than-average volume. This stock has been trading in a consolidation pattern for the last month, with shares moving between $5.22 on the downside and $6.30 on the upside. This move today is quickly pushing shares of ACTV within range of triggering a major breakout trade. That trade will hit if ACTV manages to take out some near-term overhead resistance levels at $5.91 to $6.30 and then once it takes out its gap down day high at around $6.50 with high volume.