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.
With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
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MagicJack VocalTec
MagicJack VocalTec (CALL), together with its subsidiaries, operates as a cloud-based communications company that provides VoIP)= services in the U.S. This stock closed up 5.5% to $9.19 in Thursday's trading session.
Thursday's Range: $8.60-$9.20
52-Week Range: $8.50-$25.37
Thursday's Volume: 259,000
Three-Month Average Volume: 489,385
From a technical perspective, CALL ripped sharply higher here right above its recent 52-week low of $8.50 with lighter-than-average volume. This stock could possibly be putting in a bottom here, since shares have started to stabilize over the last few weeks. That stabilization is occurring after shares of CALL downtrended very badly over the last four months, with the stock collapsing from its high of $16.12 to that $8.50 low. This spike higher on Thursday is now pushing shares of CALL within range of triggering a near-term breakout trade. That trade will hit if CALL manages to take out some key near-term overhead resistance levels at $9.56 to $10.01 with high volume.
Traders should now look for long-biased trades in CALL as long as it's trending above its 52-week low of $8.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 489,385 shares. If that breakout materializes soon, then CALL will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $10.70 to $12, or even $12.70 a share.
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Hudson Technologies
Hudson Technologies (HDSN) operates as a refrigerant services company that provides solutions to the refrigeration industry in the U.S. and internationally. This stock closed up 5% to $3.98 a share in Thursday's trading session.
Thursday's Range: $3.68-$3.99
52-Week Range: $1.75-$4.46
Thursday's Volume: 217,000
Three-Month Average Volume: 124,291
From a technical perspective, HDSN ripped higher here with above-average volume. This stock recently broke out above a number of key near-term overhead resistance levels with monster upside volume. Following that move shares of HDSN briefly pulled back and now looks ready to launch again and potentially trigger another breakout trade. That trade will hit if HDSN manages to take out Thursday's intraday high of $3.99 to some more near-term overhead resistance at $4.10 with high volume.
Traders should now look for long-biased trades in HDSN as long as it's trending above some key near-term support at $3.66 and then once it sustains a move or close above those breakout levels with volume that hits near or above 124,291 shares. If that breakout develops soon, then HDSN will set up to re-test or possibly take out its 52-week high of $4.46. Any high-volume move above that level will then give HDSN a chance to tag $5 to $5.50.
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E-House China
E-House China (EJ), through its subsidiaries, operates as a real estate services company primarily in the People's Republic of China. This stock closed up 3.4% to $9.96 a share in Thursday's trading session.
Thursday's Range: $9.70-$10.14
52-Week Range: $7.39-$17.28
Thursday's Volume: 765,000
Three-Month Average Volume: 2 million
From a technical perspective, EJ ripped notably higher here right above some near-term support at $9.57 with lighter-than-average volume. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $8.30 to its recent high of $10.26. During that move, shares of EJ have been making mostly higher lows and higher highs, which is bullish technical price action. This spike higher on Thursday is now quickly pushing shares of EJ within range of triggering a near-term breakout trade. That trade will hit if EJ manages to take out some key near-term overhead resistance levels at $10.26 to its 50-day moving average of $10.30 with high volume.
Traders should now look for long-biased trades in EJ as long as it's trending above Thursday's intraday low of $9.70 or above more support at $9.57 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2 million shares. If that breakout develops soon, then EJ will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $10.78 to $11.89.
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Vonage Holdings
Vonage Holdings (VG) provides communications services that connect individuals through cloud-connected devices worldwide. This stock closed up 3.3% to $3.38 a share in Thursday's trading session.
Thursday's Range: $3.23-$3.39
52-Week Range: $3.08-$4.96
Thursday's Volume: 826,000
Three-Month Average Volume: 1.15 million
From a technical perspective, VG jumped higher here right above some near-term support at $3.20 and back above its 50-day moving average of $3.34 with lighter-than-average volume. This spike to the upside on Thursday is quickly pushing shares of VG within range of triggering a near-term breakout trade. That trade will hit if VG manages to take out some key near-term overhead resistance levels at $3.44 to $3.50 with high volume.
Traders should now look for long-biased trades in VG as long as it's trending above some key near-term support levels at $3.20 or at $3.10 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.15 million shares. If that breakout begins soon, then VG will set up to re-test or possibly take out its next major overhead resistance levels at $3.74 to its 200-day moving average of $3.79, or even $4.01.
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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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