DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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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.
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With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
Charles & Colvard
Charles & Colvard (CTHR) manufactures, markets and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. This stock closed up 2.8% to $2.15 in Tuesday's trading session.
Tuesday's Range: $2.10-$2.20
52-Week Range: $1.87-$8.34
Tuesday's Volume: 810,000
Three-Month Average Volume: 124,819
From a technical perspective, CTHR spiked higher here and flirted with breakout territory above some near-term overhead resistance at $2.15 with monster upside volume. Market players should now look for a continuation move to the upside in the near-term if CTHR manages to take out Tuesday's high of $2.20 with above-average volume.
Traders should now look for long-biased trades in CTHR as long as it's trending above some near-term support at $2 or above more previous support levels at $1.91 to $1.87 and then once it sustains a move or close above $2.20 with volume that hits near or above 124,819 shares. If that move gets started soon, then CTHR will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.75. Any high-volume move above those levels will then give CTHR a chance to tag its 50-day moving average of $2.98.
Sequans Communications
Sequans Communications (SQNS), together with its subsidiaries, designs, develops and supplies 4G LTE and WiMAX semiconductor solutions for wireless broadband applications. This stock closed up 3.7% to $1.68 in Tuesday's trading session.
Tuesday's Range: $1.61-$1.70
52-Week Range: $1.42-$3.40
Thursday's Volume: 269,000
Three-Month Average Volume: 280,934
From a technical perspective, SQNS spiked sharply higher here right off some near-term support at $1.60 with decent upside volume. This spike higher on Tuesday is quickly pushing shares of SQNS within range of triggering a near-term breakout trade. That trade will hit if SQNS manages to take out Tuesday's intraday high of $1.70 to some more near-term overhead resistance levels at $1.75 to $1.80 with high volume.
Traders should now look for long-biased trades in SQNS as long as it's trending above support at $1.60 or above its 52-week low at $1.42 and then once it sustains a move or close above those breakout levels with volume that hits near or above 280,934 shares. If that breakout materializes soon, then SQNS will set up to re-test or possibly take out its next major overhead resistance levels at $2 to its 200-day moving average at $2.31.
GlobalSCAPE
GlobalSCAPE (GSB), together with its subsidiaries, develops and distributes software, delivers managed and hosted solutions, and provides associated services for secure information exchange for enterprises and consumers worldwide. This stock closed up 0.42% to $2.41 a share in Tuesday's trading session.
Tuesday's Range: $2.41-$2.50
52-Week Range: $1.46-$3.90
Tuesday's Volume: 214,000
Three-Month Average Volume: 249,592
From a technical perspective, GSB spiked notably higher here back above its 50-day moving average of $2.45 with decent upside volume. This stock recently formed a major bottoming chart pattern, since shares of GSB have found buying interest each time it's pulled back to right around $2.30. Shares of GSB are now starting to spike higher and move within range of triggering a near-term breakout trade. That trade will hit if GSB manages to take out Tuesday's high of $2.50 to some more near-term overhead resistance levels at $2.66 to $2.69 with high volume.
Traders should now look for long-biased trades in GSB as long as it's trending above $2.30 or above its 200-day at $2.15 and then once it sustains a move or close above those breakout levels with volume that hits near or above 249,592 shares. If that breakout hits soon, then GSB will set up to re-test or possibly take out its next major overhead resistance level at $2.92. Any high-volume move above $2.92 will then give GSB a chance to trend north of $3.
BioScrip
BioScrip (BIOS) provides home infusion and other home care services, and pharmacy benefit management services in the U.S. This stock closed up 4.1% to $7.28 in Tuesday's trading session.
Tuesday's Range: $6.99-$7.43
52-Week Range: $5.61-$17.62
Tuesday's Volume: 1.84 million
Three-Month Average Volume: 1.86 million
From a technical perspective, BIOS spiked notably higher here back above its 50-day moving average of $7.15 with decent upside volume. This move is quickly pushing shares of BIOS within range of triggering a major breakout trade. That trade will hit if BIOS manages to take out some near-term overhead resistance levels at $7.60 to $7.70 and then once it clears more resistance at $7.80 with high volume.
Traders should now look for long-biased trades in BIOS as long as it's trending above Tuesday's low of $6.99 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.86 million shares. If that breakout kicks off soon, then BIOS will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $8.52 to around $9.
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.
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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.
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