DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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 today.
Bio-Rad Laboratories
Bio-Rad Laboratories (BIOS) manufactures and supplies the life science research, health care, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials. This stock closed up 0.61% to $8.29 in Tuesday's trading session.
Tuesday's Range: $8.10-$8.31
52-Week Range: $7.97-$17.62
Tuesday's Volume: 710,000
Three-Month Average Volume: 1.33 million
From a technical perspective, BIOS rose modestly higher here right above its 52-week low of $7.97 with lighter-than-average volume. This stock has been downtrending badly for the last three months, with shares plunging from its high of $17.62 to its low of $7.97. During that move, shares of BIOS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of BIOS into oversold territory, since its current relative strength index reading is 27.43. Oversold can always get more oversold, but it's also an area where a stock can explode higher form.
Traders should now look for long-biased trades in BIOS as long as it's trending above its 52-week low of $7.97 and then once it sustains a move or close above Tuesday's high of $8.31 with volume that hits near or above 793,930 shares. If we get that move soon, then BIOS will set up to re-test or possibly take out its next major overhead resistance level at $9.22. Any high-volume move above $9.22 will then give BIOS a chance to make a large move back towards its 50-day moving average of $11.20 to more resistance at $12.
Mecox Lane
Mecox Lane (MCOX) offers a selection of products apparel, accessories and home and health care products through its online platform and third party e-commerce websites. This stock closed up 13.5% to $4.10 in Tuesday's trading session.
Tuesday's Range: $3.62-$4.18
52-Week Range: $1.67-$7.88
Tuesday's Volume: 274,000
Three-Month Average Volume: 238,211
From a technical perspective, MCOX exploded higher here right above some near-term support at $3.42 and back above its 50-day moving average of $4 with above-average volume. This stock has been trending sideways and consolidating over the last two months, with shares moving between $3.23 on the downside and $4.58 on the upside. This spike on Tuesday is quickly pushing shares of MCOX within range of breaking out above the upper-end of its recent range. That trade will hit if MCOX manages to clear Tuesday's high of $4.18 and then above more resistance at $4.58 with high volume.
Traders should now look for long-biased trades in MCOX as long as it's trending above its 200-day at $3.24 and then once it sustains a move or close above those breakout levels with volume that hits near or above 238,211 shares. If that breakout hits soon, then MCOX will set up to re-test or possibly take out its next major overhead resistance levels at $6 to its 52-week high at $7.88.
China Techfaith Wireless Communication Technology
China Techfaith Wireless Communication Technology (CNTF) engages in the original design, development and sale of handsets. This stock closed up 16.5% to $1.62 in Tuesday's trading session.
Tuesday's Range: $1.40-$1.62
52-Week Range: $0.93-$1.94
Tuesday's Volume: 1.65 million
Three-Month Average Volume: 283,565
From a technical perspective, CNTF exploded higher here right above its 50-day moving average of $1.32 with heavy upside volume. This move also pushed shares of CNTF into breakout territory, since the stock took out some near-term overhead resistance at $1.58. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $1.11 to its intraday high of $1.62. During that move, shares of CNTF have been consistently making higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in CNTF as long as it's trending above its 50-day at $1.32 and then once it sustains a move or close above Tuesday's high of $1.62 to more resistance at $1.70 with volume that hits near or above 283,565 shares. If we get that move soon, then CNTF will set up to re-test or possibly take out its 52-week high at $1.94. Any high-volume move above $1.94 will then give CNTF a chance to tag $2.50 to $2.70.
Roundy's
Roundy's (RNDY) is a food retailer in the state of Wisconsin. This stock closed up 2.5% to $9.14 in Tuesday's trading session.
Tuesday's Range: $8.87-$9.15
52-Week Range: $3.69-$9.87
Tuesday's Volume: 444,000
Three-Month Average Volume: 388,666
From a technical perspective, RNDY jumped higher here right above its 50-day moving average of $8.70 with above-average volume. This stock recently formed a double bottom chart pattern at $7.83 to $8.05. Following that bottom, shares of RNDY have started to uptrend and move back above its 50-day. That move has now pushed shares of RNDY within range of triggering a big breakout trade. That trade will hit if RNDY manages to take out some near-term overhead resistance levels at $9.25 to $9.32, and then once it takes out its 52-week high at $9.87 with high volume.
Traders should now look for long-biased trades in RNDY as long as it's trending above its 50-day at $8.70 or above more support at $8.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 388,666 shares. If that breakout triggers soon, then RNDY will set up to enter new 52-week-high territory above $9.87, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $10.63 to its all-time high at $12.33.
Acorn Energy
Acorn Energy (ACFN) provides digital solutions for energy infrastructure asset management. This stock closed up 1.8% to $8.83 in Tuesday's trading session.
Tuesday's Range: $3.23-$3.44
52-week Range: $2.85-$9.90
Tuesday's Volume: 362,900
Three-Month Average Volume: 201,151
From a technical perspective, ACFN rose modestly higher here and broke out above some near-term overhead resistance at $3.38 with lighter-than-average volume. This stock has been downtrending badly for the last two months and change, with shares plunging lower from its high of $9.90 to its 52-week low of $2.85. During that downtrend, shares of ACFN have been mostly making lower highs and lower lows, which is bearish technical price action. That said, shares of ACFN have started to rebound sharply off that $2.85 low and off oversold conditions with heavy upside volume flows. The current relative strength index reading for ACFN is 25.48. Oversold can always get more oversold, but it's also an area where a stock can rip sharply higher from.
Traders should now look for long-biased trades in ACFN as long as it's trending above its 52-week low of $2.85 and then once it sustains a move or close above resistance at $3.50 with volume that hits near or above 196,718 shares. If we get that move soon, then ACFN will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to its 50-day moving average of $5.80.
To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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