DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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.
>>5 Big Charts to Trade for Gains
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.
WidePoint
WidePoint (WYY) provides technology-based products and solutions to government sector and commercial markets primarily in the U.S. This stock closed up 4.1% to $1.51 in Thursday's trading session.
Thursday's Range: $1.44-$1.54
52-Week Range: $0.45-$1.95
Thursday's Volume: 1.89 million
Three-Month Average Volume: 1.27 million
From a technical perspective, WYY spiked notably higher here right above some near-term support at $1.40 with strong upside volume. This spike is starting to push shares of WYY within range of triggering a big breakout trade. That trade will hit if WYY manages to take out its 50-day moving average of $1.56 to some more key overhead resistance at $1.67 with strong volume.
Traders should now look for long-biased trades in WYY as long as it's trending above key near-term support levels at $1.40 or at $1.35 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.27 million shares. If that breakout takes hold soon, then WYY will set up to re-test or possibly take out its next major overhead resistance levels at $1.80 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.
Quantum Fuel Systems Technologies Worldwide
Quantum Fuel Systems Technologies Worldwide (QTWW) engages in the design, development and production of compressed natural gas storage tanks and packaged fuel systems, and other fuel and propulsion systems for alternative fuel vehicle applications in the U.S. and internationally. This stock closed up 6% to $8.80 a share in Thursday's trading session.
Thursday's Range: $8.25-$8.87
52-Week Range: $1.85-$9.30
Thursday's Volume: 508,000
Three-Month Average Volume: 662,079
From a technical perspective, QTWW ripped sharply higher here right off its 50-day moving average of $8.02 with decent upside volume. This spike higher on Thursday is quickly pushing shares of QTWW within range of triggering a big breakout trade. That trade will hit if QTWW manages to take out some key near-term overhead resistance levels at $9.24 to its 52-week high at $9.30 with high volume.
Traders should now look for long-biased trades in QTWW as long as it's trending its 50-day moving average at $8.02 and then once it sustains a move or close above those breakout levels with volume that hits near or above 662,079 shares. If that breakout materializes soon, then QTWW will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $11 to $12.
TearLabs
TearLabs (TEAR) operates as an ophthalmic device company. This stock closed up 4.1% to $7.74 a share in Thursday's trading session.
Thursday's Range: $7.37-$7.83
52-Week Range: $5.50-$15.18
Thursday's Volume: 310,000
Three-Month Average Volume: 461,710
From a technical perspective, TEAR spiked sharply higher here right above some near-term support at $7 with decent upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $6 to its recent high of $8.14. During that uptrend, shares of TEAR have been making mostly higher lows and higher highs, which is bullish technical price action. This spike on Thursday is quickly pushing shares of TEAR within range of triggering a near-term breakout trade. That trade will hit if TEAR manages to take out its 50-day moving average of $8.10 to some more near-term overhead resistance at $8.14 with high volume.
Traders should now look for long-biased trades in TEAR as long as it's trending above Thursday's low of $7.37 or above $7 and then once it sustains a move or close above those breakout levels with volume that hits near or above 461,710 shares. If that breakout kicks off soon, then TEAR will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $10, or even its 200-day moving average at $10.47.
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-Volume Stocks to Trade for Breakouts
>>5 Stocks Ready to Explode Higher
>>5 Monster Momentum Stocks to Trade
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