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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WPCS International
WPCS International (WPCS) provides low-voltage communication infrastructure services in the public services, health care, energy and corporate enterprise markets worldwide. This stock closed up 2.7% to $1.14 a share in Thursday's trading session.
Thursday's Range: $1.10-$1.17
52-Week Range: $0.45-$4.95
Thursday's Volume: 557,000
Three-Month Average Volume: 962,406
From a technical perspective, WPCS trended modestly higher here right above some near-term support at $1 with lighter-than-average volume. This stock has been uptrending over the last two months and change, with shares moving sharply higher from its low of 49 cents per share to its recent high of $1.32 a share. During that uptrend, shares of WPCS have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Thursday is now starting to push shares of WPCS within range of triggering a major breakout trade. That trade will hit if WPCS manages to take out some key near-term overhead resistance levels at $1.29 to $1.32 and then above its 200-day moving average of $1.36 with high volume.
Traders should now look for long-biased trades in WPCS as long as it's trending above some key near-term support at $1 or at 95 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 962,406 shares. If that breakout materializes soon, then WPCS will set up to re-test or possibly take out its next major overhead resistance levels at $1.75 to $1.92.
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Guanwei Recycling
Guanwei Recycling (GPRC) manufactures and distributes low density polyethylene and other recycled plastics products primarily in the People's Republic of China and internationally. This stock closed up 11.3% to 84 cents per share in Thursday's trading session.
Thursday's Range: $0.75-$0.89
52-Week Range: $0.37-$3.88
Thursday's Volume: 90,000
Three-Month Average Volume: 72,492
From a technical perspective, GPRC ripped sharply higher here right off some near-term support at 74 cents per share with above-average volume. This large spike to the upside on Thursday is quickly pushing shares of GPRC within range of triggering a major breakout trade. That trade will hit if GPRC manages to take out some key near-term overhead resistance levels at 90 to 94 cents per share and then above more resistance at $1 to its 50-day moving average of $1.03 with high volume.
Traders should now look for long-biased trades in GPRC as long as it's trending above some key near-term support at 74 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 72,492 shares. If that breakout develops soon, then GPRC will set up to re-test or possibly take out its next major overhead resistance levels at $1.25 to $1.51.
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Skullcandy
Skullcandy (SKUL) designs, markets and distributes performance audio and gaming headphones, earbuds, speakers, apparel and other accessories under the Skullcandy, Astro Gaming and 2XL by Skullcandy brands in the U.S. and internationally. This stock closed up 2.3% to $8.32 in Thursday's trading session.
Thursday's Range: $8.09-$8.38
52-Week Range: $5.30-$11.40
Thursday's Volume: 212,000
Three-Month Average Volume: 197,420
From a technical perspective, SKUL trended higher here right above some near-term support at $7.85 with above-average volume. This spike higher on Thursday is starting to push shares of SKUL within range of triggering a big breakout trade. That trade will hit if SKUL manages to take out some key overhead resistance levels at $8.45 to $8.94 with high volume.
Traders should now look for long-biased trades in SKUL as long as it's trending above some near-term support at $7.85 or above its 50-day at $7.58 and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,420 shares. If that breakout starts soon, then SKUL will set up to re-test or possibly take out its next major overhead resistance levels at $9.30 to $9.69, or even $10.
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Yingli Green Energy
Yingli Green Energy (YGE), together with its subsidiaries, designs, develops, manufacture, markets, sells and installs photovoltaic products in the People's Republic of China. This stock closed up 6.4% to $3.66 in Thursday's trading session.
Thursday's Range: $3.47-$3.70
52-Week Range: $2.68-$8.77
Thursday's Volume: 7.81 million
Three-Month Average Volume: 4.08 million
From a technical perspective, YGE ripped higher here right off its 50-day moving average of $3.46 with strong upside volume flows. This stock has formed a bottoming chart pattern over the last two months, with shares finding buying interest each time it's pulled back to close to $3 a share. Shares of YGE are now starting to trend higher off those support levels and it's quickly moving within range of triggering a big breakout trade. That trade will hit if YGE manages to clear some key overhead resistance levels at $3.83 to $3.85 and then above $4.04 with high volume.
Traders should now look for long-biased trades in YGE as long as it's trending above some key near-term support levels at $3.21 or at $3.08 and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.08 million shares. If that breakout hits soon, then YGE will set up to re-test or possibly take out its next major overhead resistance levels at $4.65 to $4.88, or even $5 to $5.50.
Read More: 7 Stocks Warren Buffett Is Selling in 2014
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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