DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
Read More: 5 Stocks With Big Insider Buying
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.
Read More: Warren Buffett's Top 10 Dividend Stocks
Spectrum Pharmaceuticals
Spectrum Pharmaceuticals (SPPI), a biotechnology company, develops and commercializes oncology and hematology drug products. This stock closed up 2.4% to $8.47 in Thursday's trading session.
Thursday's Range: $8.15-$8.47
52-Week Range: $6.36-$10.32
Thursday's Volume: 829,000
Three-Month Average Volume: 1.05 million
From a technical perspective, SPPI jumped higher here right above its 200-day moving average of $8.08 with decent upside volume flows. This move to the upside on Thursday also pushed shares of SPPI into breakout territory, since the stock took out some near-term overhead resistance levels at $8.24 to $8.27. Market players should now look for a continuation move higher in the short-term if SPPI manages to clear Thursday's intraday high of $8.47 with high volume.
Traders should now look for long-biased trades in SPPI as long as it's trending above its 200-day at $8.08 or above its 50-day at $7.73 and then once it sustains a move or close above $8.47 with volume that hits near or above 1.05 million shares. If that move starts soon, then SPPI will set up to re-test or possibly take out its next major overhead resistance levels at $9.27 to its 52-week high at $10.32.
Read More: 3 Huge Stocks Everyone Is Talking About
Vocera Communications
Vocera Communications (VCRA), mobile technology company, provides mobile communication solutions in healthcare, hospitality, energy, retail, and other mobile work environments in the U.S. and internationally. This stock closed up 4.8% to $8.49 in Thursday's trading session.
Thursday's Range: $8.06-$8.52
52-Week Range: $7.75-$19.71
Thursday's Volume: 368,000
Three-Month Average Volume: 240,059
From a technical perspective, VCRA trended sharply higher here right above its recent 52-week low of $7.75 with above-average volume. This stock recently gapped down sharply lower from just above $12 to around $9 with heavy downside volume. Following that move, VCRA has continued to trend lower and hit a new 52-week low of $7.75. Shares of VCRA are now starting to rebound off that $7.75 low with decent upside volume flows. Market players should now look for a continuation move to the upside in the short-term if VCRA manages to clear Thursday's intraday high of $8.52 with high volume.
Traders should now look for long-biased trades in VCRA as long as it's trending above its 52-week low of $7.75 and then once it sustains a move or close above $8.52 with volume that hits near or above 240,059 shares. If that move starts soon, then VCRA will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $9.22, or even $10 a share. Any high-volume move above $10 will then give VCRA a chance to re-fill some of its previous gap-down-day zone from late July that started just above $12.
Read More: 5 Short-Squeeze Stocks That Could Pop in September
WidePoint
WidePoint (WYY) provides information technology (IT) based products, services, and solutions worldwide. This stock closed up 3.1% to $1.66 a share in Thursday's trading session.
Thursday's Range: $1.62-$1.67
52-Week Range: $0.76-$1.95
Thursday's Volume: 653,000
Three-Month Average Volume: 388,542
From a technical perspective, WYY trended notably higher here right above its 50-day moving average of $1.60 with strong upside volume flows. This stock has been trending sideways and consolidating for the last month and change, with shares moving between $1.45 on the downside and $1.72 on the upside. Shares of WYY are now quickly moving within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if WYY manages to take out Thursday's intraday high of $1.67 to some more near-term overhead resistance at $1.72 with high volume.
Traders should now look for long-biased trades in WYY as long as it's trending above its 50-day at $1.60 or its 200-day at $1.53 and then once it sustains a move or close above those breakout levels with volume that hits near or above 388,542 shares. If that breakout materializes soon, then WYY will set up to re-test or possibly take out its next major overhead resistance levels at $1.87 to its 52-week high at $1.95. Any high-volume move above $1.95 will then give WYY a chance to trend north of $2.
Read More: 10 Stocks Billionaire John Paulson Loves in 2014
Merrimack Pharmaceuticals
Merrimack Pharmaceuticals (MACK), a biopharmaceutical company, is engaged in discovering, developing, and preparing to commercialize medicines paired with companion diagnostics for the treatment of cancer primarily in the U.S. This stock closed up 3.1% to $7.31 a share in Thursday's trading session.
Thursday's Range: $6.91-$7.35
52-Week Range: $2.05-$8.25
Thursday's Volume: 1.31 million
Three-Month Average Volume: 1.47 million
From a technical perspective, MACK trended notably higher here right above its 50-day moving average of $6.58 with decent upside volume flows. This stock recently formed a double bottom chart pattern at $6.32 to $6.38. Following that bottom, shares of MACK have now started to trend back above its 50-day moving average and it's quickly moving within range of triggering a major breakout trade. That trade will hit if MACK manages to clear some near-term overhead resistance levels at $7.53 to $7.79 and then once it clears more resistance at $7.97 to its 52-week high at $8.25 with high volume.
Traders should now look for long-biased trades in MACK as long as it's trending above Thursday's intraday low of $6.91 or above its 50-day at $6.58 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.47 million shares. If that breakout develops soon, then MACK will set up to enter new 52-week-high territory above $8.25, which is bullish technical price action. Some possible upside targets off that breakout are $9 to $10.
Read More: 3 Stocks Spiking on Big Volume
Top 5 Beverage Companies To Invest In Right Now
Nova Lifestyle
Nova Lifestyle (NVFY), through its subsidiaries, designs, manufactures, markets, and sells residential furniture for middle and upper middle-income consumers worldwide. This stock closed up 5% to $5.02 a share in Thursday's trading session.
Thursday's Range: $4.70-$5.31
52-Week Range: $3.90-$8.98
Thursday's Volume: 271,000
Three-Month Average Volume: 96,094
From a technical perspective, NVFY spiked sharply higher here right above some near-term support at $4.66 with strong upside volume flows. This strong spike to the upside on Thursday is quickly pushing shares of NVFY within range of triggering a big breakout trade. That trade will hit if NVFY manages to clear Thursday's intraday high of $5.31 to some more near-term overhead resistance at $5.50 with high volume.
Traders should now look for long-biased trades in NVFY as long as it's trending above some key near-term support at $4.66 or above its 50-day at $4.45 and then once it sustains a move or close above those breakout levels with volume that hits near or above 96,094 shares. If that breakout develops soon, then NVFY will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $7.
Read More: 10 Stocks George Soros Is Buying
To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
RELATED LINKS:
>>4 Big Stocks on Traders' Radars
>>5 Foreign Stocks to Boost Your Gains in September
>>5 Stocks Set to Soar on Bullish Earnings
Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
CNBC.com and Forbes.com.You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
No comments:
Post a Comment