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 today.
Adecoagro
Adecoagro (AGRO) is an agricultural company in South America, with operations in Argentina, Brazil and Uruguay. It engages in growing corn, cotton, rice, soybeans, sugar, sunflowers, and wheat. This stock closed up 0.26% to $7.60 in Tuesday's trading session.
Tuesday's Range: $7.51-$7.65
52-Week Range: $6.01-$9.65
Tuesday's Volume: 370,000
Three-Month Average Volume: 216,908
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From a technical perspective, AGRO bounced modestly higher here right off its 200-day moving average of $7.54 with above-average volume. This stock has been trending sideways for the last month, with shares moving between $7.20 on the downside and $7.70 on the upside. Shares of AGRO are now starting to move within range of triggering a breakout trade above the upper-end of its recent range. That trade will hit if AGRO manages to take out some key overhead resistance levels at $7.70 to $7.97 with high volume.
Traders should now look for long-biased trades in AGRO as long as it's trending above near-term support at $7.29 or at $7.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 216,908 shares. If that breakout triggers soon, then AGRO will set up to re-test or possibly take out its next major overhead resistance levels at $8.60 to $9.
Vermillion
Vermillion (VRML) discovers, develops and commercializes diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. This stock closed up 2.2% to $2.68 in Tuesday's trading session.
Tuesday's Range: $2.60-$2.70
52-Week Range: $1.03-$4.07
Tuesday's Volume: 102,000
Three-Month Average Volume: 51,183
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From a technical perspective, VRML trended modestly higher here right off its 50-day moving average of $2.57 with above-average volume. This move is quickly pushing shares of VRML within range of triggering a major breakout trade. That trade will hit if VRML manages to take out Tuesday's high of $2.70 and then more near-term overhead resistance at $2.91 with high volume.
Traders should now look for long-biased trades in VRML as long as it's trending above some key near-term support at $2.42 and then once it sustains a move or close above those breakout levels with volume that's near or above 51,183 shares. If that breakout hits soon, then VRML will set up to re-test or possibly take out its next major overhead resistance levels at $3.24 to $3.40. Any high-volume move above those levels will then give VRML a chance to tag its 52-week high at $4.07.
Hudson Technologies
Hudson Technologies (HDSN) is a refrigerant services company providing innovative solutions to recurring problems within the refrigeration industry. This stock closed up 3% to $2.02 in Tuesday's trading session.
Tuesday's Range: $1.95-$2.05
52-Week Range: $1.76-$5.04
Tuesday's Volume: 66,000
Three-Month Average Volume: 185,923
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From a technical perspective, HDSN trended higher here and closed right on its 50-day moving average of $2.02 with lighter-than-average volume. This move is quickly pushing shares of HDSN within range of triggering a major breakout trade. That trade will hit if HDSN manages to take out some near-term overhead resistance levels at $2.12 to $2.18 with high volume.
Traders should now look for long-biased trades in HDSN as long as it's trending above Tuesday's low of $1.95 or above $1.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 185,923 shares. If that breakout hits soon, then HDSN will set up to re-test or possibly take out its next major overhead resistance level at $2.92 to $3.30.
Imris
Imris (IMRS) develops, assembles and installs Visius Surgical Theatres that are used for a variety of medical applications, as well as provides ancillary products and services and extended maintenance services. This stock closed up 5.1% to $1.65 in Tuesday's trading session.
Tuesday's Range: $1.59-$1.75
52-Week Range: $1.45-$4.66
Tuesday's Volume: 190,000
Three-Month Average Volume: 101,472
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From a technical perspective, IMRS ripped higher here right above its recent low of $1.45 with above-average volume. This stock has been downtrending badly for the last two months, with shares moving lower from its high of $3.40 to its recent low of $1.45. During that downtrend, shares of IMRS have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of IMRS have now started to move above a key downtrend line and its downside volatility could be over in the short-term.
Traders should now look for long-biased trades in IMRS as long as it's trending above Tuesday's low of $1.60 and then once it sustains a move or close above Tuesday's high of $1.75 with volume that hits near or above 101,472 shares. If we get that move soon, then IMRS will set up to re-test or possibly take out its next major overhead resistance levels at $2 to its 50-day at $2.15, or even $2.40.
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To see more stocks that are making notable moves higher today, 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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