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.
Read More: 5 Stocks Ready for Breakouts
Aeropostale
Aeropostale (ARO), together with its subsidiaries, operates as a mall-based specialty retailer of casual apparel and accessories. This stock closed up 4.1% to $3.51 in Tuesday's trading session.
Tuesday's Range: $3.25-$3.68
52-Week Range: $3.10-$13.34
Tuesday's Volume: 6.73 million
Three-Month Average Volume: 4.18 million
From a technical perspective, ARO ripped higher here and broke out above some near-term overhead resistance levels at $3.39 to $3.42 with heavy upside volume flows. This spike to the upside on Tuesday also briefly pushed shares of ARO above some more resistance at $3.60, before it closed just below that level at $3.51. Market players should now look for a continuation move to the upside in the short-term if ARO manages to take out Tuesday's intraday high of $3.68 with strong volume.
Traders should now look for long-biased trades in ARO as long as it's trending above Tuesday's intraday low of $3.25 or above more key support levels at $3.14 to $3.10 and then once it sustains a move or close above $3.68 with volume that hits near or above 4.18 million shares. If that move gets started soon, then ARO will set up to re-test or possibly take out its next major overhead resistance level at $4.06. Any high-volume move above $4.06 will then give ARO a chance to re-fill some of its previous gap-down-day zone from May that started at $4.64.
Glu Mobile
Glu Mobile (GLUU) develops and publishes a portfolio of action/adventure and casual games for the smartphones and tablet devices users. This stock closed up 2.9% to $5.52 in Tuesday's trading session.
Tuesday's Range: $5.32-$5.54
52-Week Range: $2.10-$7.60
Tuesday's Volume: 5.69 million
Three-Month Average Volume: 7.28 million
From a technical perspective, GLUU bounced higher here right above its 50-day moving average of $5.18 with decent upside volume flows. This stock recently pulled back sharply from its high of $7.60 to its recent low of $5.03. That pull back has coincided with its 50-day moving average, and the stock has now started to rebound higher right above that level. Market players should now look for a continuation move to the upside in the short-term if GLUU manages to take out Tuesday's intraday high of $5.54 to some more near-term resistance around $5.75 with high volume.
Traders should now look for long-biased trades in GLUU as long as it's trending above its 50-day at $5.18 or above that recent low of $5.03 and then once it sustains a move or close above $5.54 to $5.75 with volume that hits near or above 7.28 million shares. If that move gets started soon, then GLUU will set up to re-test or possibly take out its next major overhead resistance level at its gap-down-day high from July at $6.10. Any high-volume move above $6.10 will then give GLUU a chance re-fill some of that gap that started near $7.
Sky-mobi
Sky-mobi (MOBI), through its subsidiaries, is engaged in the operation of a mobile application platform embedded on mobile phones to provide mobile application store and services in the People's Republic of China. This stock closed up 0.9% to $6.62 in Tuesday's trading session.
Tuesday's Range: $6.46-$6.74
52-Week Range: $3.01-$12.69
Tuesday's Volume: 206,000
Three-Month Average Volume: 469,178
From a technical perspective, MOBI trended modestly higher here right above its 200-day moving average of $6.01 with lighter-than-average volume. This stock has been uptrending a bit for the last few weeks, with shares moving higher from its low of $5.92 to its intraday high of $6.74. During that move, shares of MOBI have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MOBI within range of triggering a near-term breakout trade. That trade will hit if MOBI manages to take out Tuesday's intraday high of $6.74 to its 50-day moving average of $6.90 with high volume.
Traders should now look for long-biased trades in MOBI as long as it's trending above $6.20 or its 200-day at $6.01 and then once it sustains a move or close above those breakout levels with volume that hits near or above 469,178 shares. If that breakout hits soon, then MOBI will set up to re-test or possibly take out its next major overhead resistance levels at $7.38 to $8, or even $8.50.
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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