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.
BG Medicine
BG Medicine (BGMD), a diagnostics company, develops and commercializes novel cardiovascular diagnostic tests to address unmet medical needs in the U.S. This stock closed up 3.9% to $1.05 in Tuesday's trading session.
Tuesday's Range: $1.00-$1.05
52-Week Range: $0.55-$2.42
Tuesday's Volume: 187,000
Three-Month Average Volume: 1.89 million
From a technical perspective, BGMD ripped higher here right above some near-term support at 96 cents per share with lighter-than-average volume. This stock recently formed a double bottom chart pattern at 96 cents per share. Following that bottom, shares of BGMD have started to spike higher off that support level and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if BGMD manages to take out both its 50-day at $1.06 and its 200-day at $1.09 with high volume.
Traders should now look for long-biased trades in BGMD as long as it's trending above major support at 96 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.89 million shares. If that breakout gets underway soon, then BGMD will set up to re-test or possibly take out its next major overhead resistance levels at $1.24 to $1.30. Any high-volume move above those levels will then give BGMD a chance to tag $1.40 to $1.50.
EveryWare Global
EveryWare Global (EVRY) provides tabletop and food preparation products for the consumer, foodservice and specialty markets. This stock closed up 3.2% to $2.89 in Tuesday's trading session.
Tuesday's Range: $2.63-$2.99
52-Week Range: $0.67-$13.74
Tuesday's Volume: 536,000
Three-Month Average Volume: 701,958
From a technical perspective, EVRY jumped higher here right above some near-term support at $2.50 with lighter-than-average volume. This solid move to the upside on Tuesday is starting to push shares of EVRY within range of triggering a near-term breakout trade. That trade will hit if EVRY manages to take out some key near-term overhead resistance levels at $3 to $3.30 with high volume.
Traders should now look for long-biased trades in EVRY as long as it's trending above some near-term support at $2.50 or above more support at $2.26 and then once it sustains a move or close above those breakout levels with volume that hits near or above 701,958 shares. If that breakout kicks off soon, then EVRY will set up to re-test or possibly take out its next major overhead resistance levels at $3.94 to $4, or even $4.20.
ZBB Energy
ZBB Energy (ZBB) develops, manufactures and sells distributed energy storage solutions and systems based upon the proprietary zinc bromide rechargeable electrical energy storage technology and power electronics systems in the U.S. and internationally. This stock closed up 3.6% to $1.69 Tuesday's trading session.
Tuesday's Range: $1.62-$1.71
52-Week Range: $0.40-$4.75
Tuesday's Volume: 603,000
Three-Month Average Volume: 613,887
From a technical perspective, ZBB spiked notably higher here back above its 50-day moving average of $1.66 with decent upside volume. This stock recently formed a double bottom chart pattern at $1.50 to $1.51. Following that bottom, shares of ZBB have started to uptick and move within range of triggering a major breakout trade. That trade will hit if ZBB manages to take out Tuesday's intraday high of $1.71 to some more near-term overhead resistance at $1.82 with high volume.
Traders should now look for long-biased trades in ZBB as long as it's trending above Tuesday's intraday low of $1.62 or above those double bottom support zones and then once it sustains a move or close above those breakout levels with volume that hits near or above 613,887 shares. If that breakout triggers soon, then ZBB will set up to re-test or possibly take out its next major overhead resistance levels at $2.03 to $2.13. Any high-volume move above those levels will then give ZBB a chance to tag $2.55.
Magnegas
Magnegas (MNGA), an alternative energy company, closed up 7.5% to $1.56 in Tuesday's trading session.
Tuesday's Range: $1.43-$1.58
52-Week Range: $0.40-$2.45
Tuesday's Volume: 2.61 million
Three-Month Average Volume: 1.24 million
From a technical perspective, MNGA ripped sharply higher here right off its 50-day moving average of $1.44 with above-average volume. This move pushed shares of MNGA into breakout territory, since the stock took out some near-term overhead resistance at $1.54. Market players should now look for a continuation move to the upside in the short-term if MNGA manages to clear Tuesday's intraday high of $1.58 with strong volume.
Traders should now look for long-biased trades in MNGA as long as it's trending above its 50-day at $1.44 and then once it sustains a move or close above $1.58 with volume that hits near or above 1.24 million shares. If that move gets underway soon, then MNGA will set up to re-test or possibly take out its next major overhead resistance levels at $1.65 to $1.77, or even $1.83. Any high-volume move above $1.83 will then give MNGA a chance to tag its 52-week high at $2.45.
Aviat Networks
Aviat Networks (AVNW) designs, manufactures, and sells a range of wireless networking products, solutions, and services in North America and Internationally. This stock closed up 2.4% to $1.25 in Tuesday's trading session.
Tuesday's Range: $1.17-$1.26
52-Week Range: $0.99-$2.82
Tuesday's Volume: 639,000
Three-Month Average Volume: 862,897
From a technical perspective, AVNW trended higher here right off its 50-day moving average of $1.16 with decent upside volume. This stock recently formed a major bottoming chart pattern at $1.13, $1.15 and $1.14 a share. Following that bottom, shares of AVNW have started to spike higher and move back above its 50-day moving average. That move is quickly pushing shares of AVNW within range of triggering a major breakout trade. That trade will hit if AVNW manages to take out some key near-term overhead resistance levels at $1.30 to $1.35 with high volume.
Traders should now look for long-biased trades in AVNW as long as it's trending above its 50-day at $1.16 or above those major bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 862,897 shares. If that breakout materializes soon, then AVNW will set up to re-fill some of its previous gap-down-day zone from May that started at $1.58.
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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