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.
Endeavour International
Endeavour International (END), an independent oil and gas company, acquires, explores and develops energy reserves and resources in the United Kingdom North Sea and the U. S. onshore. This stock closed up 6.8% to $1.40 in Tuesday's trading session.
Tuesday's Range: $1.31-$1.46
52-Week Range: $1.02-$7.50
Tuesday's Volume: 2.82 million
Three-Month Average Volume: 1.79 million
From a technical perspective, END ripped sharply higher here with strong upside volume flows. This sharp move to the upside on Tuesday is quickly pushing shares of END within range of triggering a major breakout trade. That trade will hit if END manages to take out some near-term overhead resistance levels at $1.46 to $1.52 and then once it clears its 50-day moving average of $1.59 with high volume.
Traders should now look for long-biased trades in END as long as it's trending above Tuesday's intraday low of $1.31 or above more key support at $1.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.79 million shares. If that breakout gets underway soon, then END will set up to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.95.
Higher One
Higher One (ONE) provides technology-based refund disbursement, payment processing and data analytics services to higher education institutions and students in the U.S. This stock closed up 6.8% to $4.35 in Tuesday's trading session.
Tuesday's Range: $4.05-$4.39
52-Week Range: $3.47-$11.06
Tuesday's Volume: 498,000
Three-Month Average Volume: 440,559
From a technical perspective, ONE ripped sharply higher here right above its 50-day moving average of $3.95 with above-average volume. This strong move to the upside on Tuesday is quickly pushing shares of ONE within range of triggering a major breakout trade. That trade will hit if ONE manages to take out Tuesday's intraday high of $4.39 to some more key overhead resistance at $4.52 with high volume.
Traders should now look for long-biased trades in ONE as long as it's trending above its 50-day at $3.95 or above some more key support at $3.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 440,559 shares. If that breakout hits soon, then ONE will set up to re-test or possibly take out its next major overhead resistance levels at $5 to $5.50, or even $6 to $6.50.
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 4.5% to $3.45 Tuesday's trading session.
Tuesday's Range: $3.30-$3.55
52-Week Range: $2.68-$8.77
Tuesday's Volume: 3.88 million
Three-Month Average Volume: 5.34 million
From a technical perspective, YGE jumped notably higher here right off its 50-day moving average of $3.32 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $3.08 to $3.16. Following that bottom, shares of YGE have started to uptrend back above its 50-day and it's quickly moving within range of triggering a big breakout trade above a key downtrend line. That trade will hit if YGE manages to take out Tuesday's intraday high of $3.55 to some more key overhead resistance at $3.60 with high volume.
Traders should now look for long-biased trades in YGE as long as it's trending above Tuesday's intraday low of $3.30 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 5.34 million shares. If that breakout kicks off soon, then YGE will set up to re-test or possibly take out its next major overhead resistance levels at $3.85 to $4.04. Any high-volume move above those levels will then give YGE a chance to tag its next major overhead resistance levels at $4.65 to $4.88.
China Finance Online
China Finance Online (JRJC) provides integrated financial information and services in the People's Republic of China and Hong Kong. This stock closed up 6.7% to $4.27 in Tuesday's trading session.
Tuesday's Range: $3.96-$4.32
52-Week Range: $1.25-$8.20
Tuesday's Volume: 447,000
Three-Month Average Volume: 471,952
From a technical perspective, JRJC bounced sharply higher here right above some near-term support levels at $3.83 and its 50-day moving average at $3.77 with decent upside volume flows. This bounce higher on Tuesday is quickly pushing shares of JRJC within range of triggering a major breakout trade. That trade will hit if JRJC manages to take out some key near-term overhead resistance levels at $4.45 to its 200-day moving average at $4.53 with high volume.
Traders should now look for long-biased trades in JRJC as long as it's trending above Tuesday's intraday low of $3.96 or above its 50-day at $3.77 and then once it sustains a move or close above those breakout levels with volume that hits near or above 471,952 hares. If that breakout triggers soon, then JRJC will set up to re-test or possibly take out its next major overhead resistance levels at $5.10 to $6.40.
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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