DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stocks Under $10 Set to Soar
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.
Altair Nanotechnologies
Altair Nanotechnologies (ALTI) develops, manufactures and sells nano lithium titanate batteries and energy storage systems. This stock closed up 13.7% to $5.70 in Thursday's trading session.
Thursday's Range: $5.00-$5.74
52-Week Range: $2.02-$8.00
Thursday's Volume: 97,000
Three-Month Average Volume: 116,922
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From a technical perspective, ALTI soared higher here right above some near-term support at $4.50 with decent upside volume. This stock recently formed a major bottoming pattern between $4.30 and $4.50. Following that bottom, shares of ALTI have started to spike sharply higher and move within range of triggering a near-term breakout trade. That trade will hit if ALTI manages to take out Thursday's high of $5.75 and once it clears some key near-term overhead resistance at $6 with high volume.
Traders should now look for long-biased trades in ALTI as long as it's trending above Thursday's low of $5 or above $4.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 116,922 shares. If that breakout hits soon, then ALTI will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to its 52-week high at $8. Any high-volume move above those levels will then give ALTI a chance to tag $9.
Document Security Systems
Document Security Systems (DSS) is engaged in fraud and counterfeit protection for all forms of printed documents and digital information. This stock closed up 8.1% to $1.20 in Thursday's trading session.
Thursday's Range: $1.10-$1.24
52-Week Range: $0.86-$3.64
Thursday's Volume: 1.61 million
Three-Month Average Volume: 476,778
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From a technical perspective, DSS ripped higher here right off its 50-day moving average of $1.13 with strong upside volume. This move is quickly pushing shares of DSS within range of triggering a big breakout trade. That trade will hit if DSS manages to take out Thursday's high of $1.24, and then once it clears some more key overhead resistance levels at $1.30 to $1.38 with high volume.
Traders should now look for long-biased trades in DSS as long as it's trending above its 50-day at $1.13 or above more key support at $1 and then once it sustains a move or close above those breakout levels with volume that hits near or above 476,778 shares. If that breakout triggers soon, then DSS will set up to re-test or possibly take out its next major overhead resistance levels at $1.68 to $1.75. Any high-volume move above those levels will then put its next major overhead resistance levels at $1.88 to its 200-day at $1.95 into range for shares of DSS.
Gulf Resources
Gulf Resources (GURE) manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration. This stock closed up 6.6% to $2.56 in Thursday's trading session.
Thursday's Range: $2.43-$2.58
52-Week Range: $0.88-$3.10
Thursday's Volume: 273,000
Three-Month Average Volume: 428,468
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From a technical perspective, GURE ripped higher here with lighter-than-average volume. This stock has been uptrending strong for the last three months and change, with shares soaring higher from its low of $1.14 to its recent high of $3.10. During that uptrend, shares of GURE have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GURE within range of triggering a major breakout trade. That trade will hit if GURE manages to take out some near-term overhead resistance levels at $2.73 to its 52-week high at $3.10 with high volume.
Traders should now look for long-biased trades in GURE as long as it's trending above some near-term support at $2.22 or above more support at its 50-day at $1.98 and then once it sustains a move or close above those breakout levels with volume that hits near or above 428,468 shares. If that breakout hits soon, then GURE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $3.50 to $4.50.
Inovio Pharmaceuticals
Inovio Pharmaceuticals (INO) is a biomedical company focused on the development of next-generation vaccines to prevent or treat cancers and chronic infectious diseases. This stock closed up 6.6% to $2.01 in Thursday's trading session.
Thursday's Range: $1.78-$2.06
52-Week Range: $0.44-$3.03
Thursday's Volume: 4.98 million
Three-Month Average Volume: 6.67 million
From a technical perspective, INO soared higher right above some near-term support at $1.70 with lighter-than-average volume. This move pushed shares of INO into breakout territory, since the stock took out some near-term overhead resistance at $1.97. Market players should now look for a continuation move higher in the short-term if INO can manage to take out Thursday's high of $2.06 to its 50-day moving average at $2.09 with high volume.
Traders should now look for long-biased trades in INO as long as it's trending above Thursday's low of $1.78 or above more support at $1.70 and then once it sustains a move or close above $2.06 to $2.09 with volume that hits near or above 6.67 million shares. If we get that move soon, then INO will set up to re-test or possibly take out its next major overhead resistance levels at $2.19 to $2.38. Any high-volume move above those levels will then give INO a chance to tag its next major overhead resistance levels at $2.54 to $2.92.
Empresas ICA
Empresas ICA (ICA) is engaged in construction and related activities, including the construction of infrastructure facilities as well as industrial, urban and housing construction. This stock closed up 4.2% to $7.39 in Thursday's trading session.
Thursday's Range: $7.05-$7.51
52-Week Range: $6.14-$13.73
Thursday's Volume: 857,000
Three-Month Average Volume: 506,189
From a technical perspective, ICA ripped higher here right off some near-term support at $7 with above-average volume. This stock has been downtrending badly for the last month and change, with shares moving lower from its high of $9.34 to its recent low of $6.85. During that downtrend, shares of ICA have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this bounce higher on Thursday could be signaling that the downside volatility for shares of ICA is over in the short-term, and the stock is ready to bounce higher.
Traders should now look for long-biased trades in ICA as long as it's trending above some key near-term support at $6.85 and then once it sustains a move or close above Thursday's high of $7.51 with volume that hits near or above 506,189 shares. If we get that move soon, then ICA will set up to re-test or possibly take out its next major overhead resistance levels at $8 to its 50-day moving average at $8.31. Any high-volume move above $8.3 will then give ICA a chance to tag $9 to $9.20.
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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