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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Cara Therapeutics
Cara Therapeutics (CARA), a clinical-stage biopharmaceutical company, focuses on developing and commercializing chemical entities designed to alleviate pain by selectively targeting kappa opioid receptors. This stock closed up 7.1% to $8.65 in Tuesday's trading session.
Tuesday's Range: $8.09-$8.76
52-Week Range: $7.53-$23.25
Tuesday's Volume: 44,000
Three-Month Average Volume: 86,729
From a technical perspective, CARA ripped higher here right off of $8 a share with lighter-than-average volume. This move briefly pushed shares of CARA into breakout territory, since the stock flirted with some near-term overhead resistance levels at $8.60 to $8.71. Shares of CARA tagged an intraday high of $8.76, before it close just below that level at $8.65. This sharp spike higher on Tuesday is now quickly pushing shares of CARA within range of triggering another big breakout trade. That trade will hit if CARA manages to take out some key near-term overhead resistance levels at $9 to its 50-day moving average of $9.05 with high volume.
Traders should now look for long-biased trades in CARA as long as it's trending above $8 or above $7.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 86,729 shares. If that breakout gets underway soon, then CARA will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $10.50, or even $11.
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Quest Resource Holding
Quest Resource Holding (QRHC), through its subsidiaries, provides management programs to reuse, recycle and dispose various waste streams and recyclables in the U.S. This stock closed up 2% to $1.50 in Tuesday's trading session.
Tuesday's Range: $1.46-$1.53
52-Week Range: $1.33-$6.23
Tuesday's Volume: 245,000
Three-Month Average Volume: 157,749
From a technical perspective, QRHC trended modestly higher here right above some near-term support at $1.41 with above-average volume. This stock has started to form a bottoming chart pattern, since over the last month and change this stock has found buying interest at $1.44, $1.33 and $1.41. Shares of QRHC are now starting to push within range of triggering a big breakout trade. That trade will hit if QRHC manages to take out some near-term overhead resistance levels at $1.52 to $1.60 with high volume.
Traders should now look for long-biased trades in QRHC as long as it's trending above some near-term support levels at $1.41 or above its 52-week low of $1.33 and then once it sustains a move or close above those breakout levels with volume that hits near or above 157,749 shares. If that breakout kicks off soon, then QRHC will set up to re-test or possibly take out its next major overhead resistance levels at $1.73 to $1.85, or even its gap-down-day high from September at just over $2 a share. Any high-volume move above $2 will then give QRHC a chance to re-fill some of its previous gap-down-day zone that started at $4.
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Titan International
Titan International (TWI), together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer markets in the U.S. and internationally. This stock closed up 4.6% to $9.86 in Tuesday's trading session.
Tuesday's Range: $9.22-$10.33
52-Week Range: $9.14-$19.89
Tuesday's Volume: 1.53 million
Three-Month Average Volume: 625,829
From a technical perspective, TWI ripped higher here right above its 52-week low of $9.14 with above-average volume. This strong move to the upside on Tuesday also briefly pushed shares of TWI into breakout territory, since the stock flirted with some near-term overhead resistance at $9.94. Shares of TWI tagged an intraday high of $10.33, before it closed off that level at $9.86. This move is now starting to push shares of TWI within range of triggering another breakout trade. That trade will hit if TWI manages to take out Tuesday's intraday high of $10.33 to some more near-term overhead resistance at $10.50 with high volume.
Traders should now look for long-biased trades in TWI as long as it's trending above its 52-week low of $9.14 and then once it sustains a move or close above those breakout levels with volume that hits near or above 625,829 shares. If that breakout hits soon, then TWI will set up to re-test or possibly take out its next major overhead resistance levels at $11 to its 50-day moving average at $12.35, or even $13 to $13.50.
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Lionbridge Technologies
Lionbridge Technologies (LIOX) provides language, content, and testing solutions worldwide. This stock closed up 3.9% to $4.69 in Tuesday's trading session.
Tuesday's Range: $4.47-$4.70
52-Week Range: $3.85-$7.50
Tuesday's Volume: 307,000
Three-Month Average Volume: 475,372
From a technical perspective, LIOX jumped notably higher here right off its 50-day moving average of $4.47 with lighter-than-average volume. This spike higher on Tuesday is now quickly pushing shares of LIOX within range of triggering a big breakout trade. That trade will hit if LIOX manages to take out some key near-term overhead resistance levels at $4.70 to just over $4.80 with high volume.
Traders should now look for long-biased trades in LIOX as long as it's trending above its 50-day at $4.47 or above more near-term support at $4.20 and then once it sustains a move or close above that breakout level with volume that hits near or above 475,372 shares. If that breakout triggers soon, then LIOX will set up to re-test or possibly take out its next major overhead resistance levels at $5.20 to around $5.60, or even $6.
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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