5 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.
>>5 Trades to Profit From a January Rally E-House China
E-House China (EJ) is engaged in providing real estate agency and brokerage services in the primary and secondary markets and real estate consulting and information services in the People's Republic of China. This stock is trading up 7% to $4.47 in recent trading.
Today's Range: $4.20-$4.47
52-Week Range: $2.95-$7.61
Three-Month Average Volume: 233,411
From a technical perspective, EJ is bouncing higher here right above some near-term support at $4 with decent volume. This move is quickly pushing shares of EJ within range of triggering a near-term breakout trade. That trade will hit if EJ manages to clear some near-term overhead resistance levels at $4.48 to $4.60 and then once it takes out more overhead resistance at $4.81 with high volume.
Traders should now look for long-biased trades in EJ as long as it's trending above $4, and then once it sustains a move or close above those breakout levels with volume that hits near or above 233,411 shares. If that breakout triggers soon, then EJ will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $5 or at $5.69. Edap TMS