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.
WPCS International
WPCS International (WPCS) provides design-build engineering services for communications infrastructure worldwide. This stock closed up 6.3% to $1.67 in Tuesday's trading session.
Tuesday's Range: $1.58-$1.71
52-Week Range: $1.32-$5.27
Tuesday's Volume: 1.39 million
Three-Month Average Volume: 2.14 million
From a technical perspective, WPCS jumped sharply higher here right above some near-term support at $1.50 with lighter-than-average volume. This stock has been forming a major bottoming chart pattern over the last two months with shares finding buying interest each time it's pulled back towards $1.50. This spike higher on Tuesday is now setting up shares of WPCS to enter a new uptrend. Market players should now look for a continuation move higher in the short-term if WPCS manages to take out Tuesday's high of $1.71 with strong volume.
Traders should now look for long-biased trades in WPCS as long as it's trending above big support at $1.50 and then once it sustains a move or close above $1.71 with volume that hits near or above 2.14 million shares. If we get that move soon, then WPCS will set up to re-test or possibly take out its next major overhead resistance level at $1.92.
GlobalSCAPE
GlobalSCAPE (GSB), together with its subsidiaries, develops and distributes software, delivers managed and hosted solutions, and provides associated services for secure information exchange for consumers and enterprises worldwide. This stock closed up 7% to $2.59 in Tuesday's trading session.
Tuesday's Range: $2.39-$2.62
52-Week Range: $1.32-$3.90
Tuesday's Volume: 491,000
Three-Month Average Volume: 383,443
From a technical perspective, GSB spiked sharply higher here and broke out above some near-term overhead resistance levels at $2.44 to $2.58 with above-average volume. This move is coming after shares of GSB formed a major bottoming chart pattern over the last month, with shares finding buying interest each time it pulled back to around $2.20. Market players should now look for a continuation move higher in the short-term if GSB manages to take out Tuesday's high of $2.62 to its 50-day moving average of $2.66 with strong volume.
Traders should now look for long-biased trades in GSB as long as it's trending above Tuesday's low of $2.40 or above more key near-term support levels at $2.28 to $2.15 and then once it sustains a move or close above $2.62 to $2.66 with volume that hits near or above 383,443 shares. If that move materializes soon, then GSB will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.40, or even its 52-week high at $3.90.
Andatee China Marine Fuel Services
Andatee China Marine Fuel Services (AMCF), through its subsidiaries, engages in the production, storage, distribution, and trading of blended marine fuel oil for cargo and fishing vessels in the People's Republic of China. This stock closed up 5.5% to $1.90 in Tuesday's trading session.
Tuesday's Range: $1.80-$1.96
52-Week Range: $0.48-$2.75
Tuesday's Volume: 123,000
Three-Month Average Volume: 223,763
From a technical perspective, AMCF spiked higher here right above some near-term support at $1.75 with lighter-than-average volume. This spike is starting to push shares of AMCF within range of triggering a major breakout trade. That trade will hit if AMCF manages to take out Tuesday's high of $1.96 to some more key overhead resistance levels at $2.17 to $2.20 with high volume.
Traders should now look for long-biased trades in AMCF as long as it's trending above its 50-day moving average at $1.70 or above more support at $1.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 223,763 shares. If that breakout hits soon, then AMCF will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $2.75.
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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