8 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 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 a several stocks under $10 that are making large moves to the upside today .
Top Image Systems (TISA) develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. This stock is trading up 12% at $4.66 in recent trading.
Today's Range: $4.20-$4.79
52-Week Range: $1.10-$4.40
Three-Month Average Volume: 160,529
From a technical perspective, TISA is ripping higher today on monster volume. This move has now pushed the stock into breakout territory, with shares moving above some near-term overhead resistance at $4.37 to $4.40.
Traders should now look for long biased trades as long as TISA is trending above those breakout levels with strong upside volume flows. ICG Group
ICG Group (ICGE) acquires and builds Internet software and services companies. This stock is trading up 7% at $9.23 in recent trading.
Today's Range: $8.85-$9.49
52-Week Range: $7.22-$14.13
Three-Month Average Volume: 156,540
From a technical perspective, ICGE has started to move above its 50-day moving average of $9.11 today with decent volume. The stock also touched its 200-day moving average of $9.50 in intraday trading.
Traders should now look for long biased trades in ICGE if it can manage to trigger a near-term breakout trade. That trade will hit once ICGE takes out its 200-day and some near-term overhead resistance at $9.57 with high volume. Look for volume on that move that's near or well above 156,540 shares. If we get that action soon, look for ICGE to make a run at its recent high of $10.65. KIT Digital