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 such as 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.
Wave Systems
Wave Systems (WAVX) develops, produces and markets products for hardware-based digital security in the U.S. and internationally. This stock closed up 5.4% to $1.56 in Tuesday's trading session.
Tuesday's Range: $1.46-$1.62
52-Week Range: $0.69-$2.32
Tuesday's Volume: 2.45 million
Three-Month Average Volume: 1.54 million
From a technical perspective, WAVX ripped sharply higher here right above some near-term support at around $1.40 with strong upside volume flows. This stock recently broke out to the upside of its recent range, which saw the stock trend between $1.35 on the downside and right around $1.50 on the upside. Market players should now look for a continuation move to the upside in the short-term if WAVX manages to take out Tuesday's intraday high of $1.62 to some more near-term overhead resistance at $1.63 with high volume.
Traders should now look for long-biased trades in WAVX as long as it's trending above Tuesday's intraday low of $1.46 or above more support at $1.35 and then once it sustains a move or close above $1.62 to $1.63 with volume that hits near or above 1.54 million shares. If that move gets started soon, then WAVX will set up to re-test or possibly take out its next major overhead resistance level at $1.90. Any high-volume move above $1.90 will then give WAVX a chance to re-fill some of its previous gap-down-day zone from June that started at $2.30.
Whiting USA Trust I
Whiting USA Trust I (WHX), a REIT, closed up 1.3% to $2.22 in Tuesday's trading session.
Tuesday's Range: $2.19-$2.22
52-Week Range: $1.72-$6.33
Tuesday's Volume: 135,000
Three-Month Average Volume: 292,545
From a technical perspective, WHX trended modestly higher here right above its 50-day moving average of $2.12 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last month, with shares moving between $1.95 on the downside and $2.25 on the upside. Shares of WHX are now starting to move within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if WHX manages to take out some key near-term overhead resistance levels at $2.23 to $2.25 with high volume.
Traders should now look for long-biased trades in WHX as long as it's trending above some key near-term support levels at $2.11 or at $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 292,545 shares. If that breakout starts soon, then WHX will set up to re-test or possibly take out its next major overhead resistance levels at $2.60 to $2.80, or even its 200-day moving average of $3.31.
Bona Film Group
Bona Film Group (BONA), through its subsidiaries, operates as a film distributor in the People's Republic of China and internationally. This stock closed up 4.3% to $6.91 in Tuesday's trading session.
Tuesday's Range: $6.60-$7.08
52-Week Range: $4.13-$8.92
Tuesday's Volume: 553,000
Three-Month Average Volume: 132,674
From a technical perspective, BONA ripped sharply higher here and broke out above some near-term overhead resistance at $6.80 with above-average volume. Market players should now look for a continuation move to the upside in the short-term if BONA manages to clear Tuesday's intraday high of $7.08 with high volume.
Traders should now look for long-biased trades in BONA as long as it's trending above some key near-term support levels at $6.50 or at $6.25 and then once it sustains a move or close above $7.08 with volume that hits near or above 132,674 shares. If that move begins soon, then BONA will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8, or even its 52-week high at $8.92.
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 16% to $4.85 in Tuesday's trading session.
Tuesday's Range: $4.58-$4.99
52-Week Range: $0.34-$11.72
Thursday's Volume: 43.40 million
Three-Month Average Volume: 18.45 million
From a technical perspective, PLUG gapped sharply higher here back above its 50-day moving average of $4.32 with monster upside volume. This move briefly pushed shares of PLUG into breakout territory, since the stock flirted with some near-term overhead resistance at $4.87. Shares of PLUG tagged an intraday high of $4.99, before closing just below that level at $4.85. Market players should now look for a continuation move to the upside in the short-term if PLUG manages to clear Tuesday's intraday high of $4.99 to some more key overhead resistance at $5.25 with high volume.
Traders should now look for long-biased trades in PLUG as long as it's trending above Tuesday's intraday high of $4.99 and then once it sustains a move or close above $4.99 to $5.25 with volume that hits near or above 18.45 million shares. If that move gets underway soon, then PLUG will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $6.50.
FuelCell Energy
FuelCell Energy (FCEL), together with its subsidiaries, designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed baseload power generation. This stock closed up 3.2% to $2.22 in Tuesday's trading session.
Tuesday's Range: $2.20-$2.28
52-Week Range: $1.12-$4.74
Tuesday's Volume: 7.62 million
Three-Month Average Volume: 6.22 million
From a technical perspective, FCEL gapped up notably higher here with strong upside volume flows. This move briefly pushed shares of FCEL back above its 50-day moving average of $2.23, since the stock tagged an intraday high of $2.28. Shares of FCEL closed just below that level at $2.22 and just above its daily low of $2.20. Market players should now look for a continuation move to the upside in the short-term if FCEL manages to take out some key near-term overhead resistance at $2.30 with high volume.
Traders should now look for long-biased trades in FCEL as long as it's trending above Tuesday's low of $2.20 or above some more near-term support at $2.10 and then once it sustains a move or close above $2.30 with volume that hits near or above 7.62 million shares. If that move gets started soon, then FCEL will set up to re-test or possibly take out its next major overhead resistance levels at $2.47 to $2.63, or even $2.81 to $2.94.
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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