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.
Uranium Resources
Uranium Resources (URRE) engages in the acquisition, exploration, development,and mining of uranium properties, using the in situ recovery mining process. This stock closed up 10.6% to $3.53 in Tuesday's trading session.
Tuesday's Range: $3.14-$3.53
52-Week Range: $1.75-$6
Tuesday's Volume: 552,000
Three-Month Average Volume: 227,584
From a technical perspective, URRE spiked sharply higher here right above its 50-day moving average of $2.88 with above-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $2.58 to its intraday high of $3.53. During that move, shares of URRE have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of URRE within range of triggering a major breakout trade. That trade will hit if URRE manages to take out some near-term overhead resistance at $3.55 to some past resistance at $4 with high volume.
Traders should now look for long-biased trades in URRE as long as it's trending above Tuesday's low of $3.14 or above its 50-day at $2.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 227,584 shares. If that breakout hits soon, then URRE will set up to re-test or possibly take out its next major overhead resistance levels at $5 to $5.53.
Cardiome Pharma
Cardiome Pharma (CRME), a biopharmaceutical company, engages in the discovery, development and commercialization of therapies that enhance the health of patients. This stock closed up 6.3% to $6.49 in Tuesday's trading session.
Tuesday's Range: $6.08-$6.55
52-Week Range: $1.60-$7.15
Tuesday's Volume: 110,000
Three-Month Average Volume: 156,727
From a technical perspective, CRME spiked higher here right off some near-term support at $6 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $5.85 to $6. Since forming that bottom, shares of CRME have now started to spike higher and move within range of triggering a major breakout trade. That trade will hit if CRME manages to take out some key near-term overhead resistance levels at $6.95 to its 52-week high at $7.15 with high volume.
Traders should now look for long-biased trades in CRME as long as it's trending above $6 or above $5.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 156,727 shares. If that breakout hits soon, then CRME will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $9 to $10.
American Apparel
American Apparel (APP) engages in the design, manufacture, distribution and sale of branded fashion basic apparel products and clothing and accessories for women, men, children and babies. This stock closed up 6.7% to $1.43 a share in Tuesday's trading session.
Tuesday's Range: $1.35-$1.45
52-Week Range: $1.00-$2.40
Tuesday's Volume: 1.76 million
Three-Month Average Volume: 733,902
From a technical perspective, APP ripped higher here with monster upside volume. This stock has been uptrending strong for the last few weeks, with shares soaring higher from its low of $1.01 to its intraday high of $1.45. During that uptrend, shares of APP have been consistently making higher lows and higher highs, which is bullish technical price action. This move is now pushing shares of APP within range of triggering a near-term breakout trade. That trade will hit if APP manages to take out Tuesday's high of $1.45 to some more near-term overhead resistance at $1.52 with high volume.
Traders should now look for long-biased trades in APP as long as it's trending above Thursday's low of $1.35 or above $1.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 733,902 shares. If that breakout hits soon, then APP will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $1.62 to $1.70. Any high-volume move above those levels will then give APP a chance to tag $1.80 to $1.90, or even $2.
Information Services Group
Information Services Group (III) provides fact-based sourcing advisory services in the Americas, Europe and the Asia Pacific. This stock closed up 8% to $4.58 in Tuesday's trading session.
Tuesday's Range: $4.26-$4.61
52-Week Range: $1.10-$4.67
Tuesday's Volume: 360,000
Three-Month Average Volume: 206,794
From a technical perspective, III ripped sharply higher here right above its 50-day moving average of $4.05 with above-average volume. This move is quickly pushing shares of III within range of triggering a major breakout trade. That trade will hit if III manages to take out Tuesday's high of $4.61 to its 52-week high at $4.67 with high volume.
Traders should now look for long-biased trades in III as long as it's trending above Thursday's low of $4.26 or above its 50-day at $4.05 and then once it sustains a move or close above those breakout levels with volume that hits near or above 206,794 shares. If that breakout hits soon, then III will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $5.50 to $6.
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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