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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GlycoMimetics
GlycoMimetics (GLYC), a clinical stage biotechnology company, focuses on the discovery and development of glycomimetic drugs to address unmet medical needs resulting from diseases in the U.S. This stock closed up 7% to $8.35 in Tuesday's trading session.
Tuesday's Range: $7.78-$8.53
52-Week Range: $6.02-$18.99
Tuesday's Volume: 78,000
Three-Month Average Volume: 86,219
From a technical perspective, GLYC ripped sharply higher here back above its 50-day moving average of $7.96 with decent upside volume flows. This sharp move to the upside on Tuesday also briefly pushed shares of GLYC into breakout territory, since the stock flirted with some near-term overhead resistance at $8.49. Market players should now look for a continuation move to the upside in the short-term if GLYC manages to clear Tuesday's intraday high of $8.53 to some more near-term overhead resistance just above $9 with high volume.
Traders should now look for long-biased trades in GLYC as long as it's trending above Tuesday's intraday low of $7.78 and then once it sustains a move or close above $8.53 to $9 with volume that hits near or above 86,219 shares. If that move gets going soon, then GLYC will set up to re-test or possibly take out its next major overhead resistance levels at $9.46 to $10.10.
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Plug Power
Plug Power (PLUG), an alternative energy technology provider, is engaged in the design, development, manufacture and commercialization of fuel cell systems for the industrial off-road markets worldwide. This stock closed up 9.5% to $4.58 in Tuesday's trading session.
Tuesday's Range: $4.00-$4.63
52-Week Range: $0.45-$11.72
Tuesday's Volume: 22.88 million
Three-Month Average Volume: 13.55 million
From a technical perspective, PLUG exploded higher here right off some previous support at around $4 with monster upside volume flows. This stock has been downtrending badly for the last month and change, with shares moving lower from its high of $6.47 to its intraday low of $4. During that downtrend, shares of PLUG have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of PLUG have now started to spike higher off some previous support, and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if PLUG manages to clear its 200-day moving average of $4.70 to some more near-term resistance at $4.80 with high volume.
Traders should now look for long-biased trades in PLUG as long as it's trending above some key support levels at $4 or at $3.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 13.55 million shares. If that breakout develops soon, then PLUG will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $5.36 to $5.58, or even $6.
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NQ Mobile
NQ Mobile (NQ) provides mobile Internet services in the areas of mobile security, privacy, productivity, personalized cloud and family protection. This stock closed up 12.6% to $6.50 in Tuesday's trading session.
Tuesday's Range: $5.68-$6.75
52-Week Range: $3.45-$25.90
Tuesday's Volume: 7.26 million
Three-Month Average Volume: 5.87 million
From a technical perspective, NQ exploded higher here right above some near-term support at $5.52 and back above its 50-day moving average of $6.31 with heavy upside volume flows. This large move higher on Tuesday also briefly pushed shares of NQ into breakout territory, since the stock flirted with some near-term overhead resistance at $6.54. This stock is now quickly moving within range of triggering another big breakout trade. That trade will hit if NQ manages to take some key near-term overhead resistance levels at $7 to $7.18 with high volume.
Traders should now look for long-biased trades in NQ as long as it's trending above $6 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.87 million shares. If that breakout gets underway soon, then NQ will set up to re-test or possibly take out its next major overhead resistance levels at around $7.50 to $8.44.
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NeoPhotonics
NeoPhotonics (NPTN) designs and manufactures photonic integrated circuits-based optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. This stock closed up 4.6% to $3.36 in Tuesday's trading session.
Tuesday's Range: $3.20-$3.36
52-Week Range: $2.20-$8.50
Tuesday's Volume: 139,000
Three-Month Average Volume: 164,967
From a technical perspective, NPTN ripped higher here right above its 50-day moving average of $2.99 with decent upside volume flows. This stock recently formed a double bottom chart pattern at $2.59 to $2.52. Following that bottom, shares of NPTN have now started to uptrend and spike higher back above its 50-day moving average of $2.99. That spike has now pushed shares of NPTN within range of triggering a big breakout trade. That trade will hit if NPTN manages to take out some key overhead resistance levels at $3.50 to $3.66 with high volume.
Traders should now look for long-biased trades in NPTN as long as it's trending above its 50-day at $2.99 and then once it sustains a move or close above those breakout levels with volume that hits near or above 164,967 shares. If that breakout develops soon, then NPTN will set up to re-test or possibly take out its next major overhead resistance levels at $4.30 to $4.50, or even $4.85 to $5.
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Mind C.T.I.
Mind C.T.I. (MNDO), together with its subsidiaries, develops, manufactures and markets real-time and off-line billing and customer care software in the Americas, the Asia Pacific, Africa, Europe and Israel. This stock closed up 3.7 % to $3.02 in Tuesday's trading session.
Tuesday's Range: $2.87-$3.03
52-Week Range: $1.63-$3.31
Tuesday's Volume: 55,000
Three-Month Average Volume: 147,850
From a technical perspective, MNDO jumped notably higher here right above its 50-day moving average of $2.82 with lighter-than-average volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $1.85 to its recent high of $3.31 a share. During that uptrend, shares of MNDO have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Tuesday is starting to push shares of MNDO within range of triggering a big breakout trade. That trade will hit if MNDO manages to take out some key near-term overhead resistance levels at $3.14 to $3.17 and then above its 52-week high at $3.31 with high volume.
Traders should now look for long-biased trades in MNDO as long as it's trending above its 50-day at $2.82 or above more near-term support at $2.78 and then once it sustains a move or close above those breakout levels with volume that hits near or above 147,850 shares. If that breakout materializes soon, then MNDO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $4 to $4.50 a share, or even $5.
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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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