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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RiceBran Technologies
RiceBran Technologies (RIBT), a human food ingredient and animal nutrition company, is engaged in the processing and marketing of healthy, natural, and nutrient dense products that are derived from rice bran. This stock closed up 4.7% to $5.34 in Thursday's trading session.
Thursday's Range: $5.02-$5.39
52-Week Range: $3.56-$14.000
Thursday's Volume: 223,000
Three-Month Average Volume: 109,502
From a technical perspective, RIBT ripped higher here back above both its 50-day moving average at $5.16 and its 200-day moving average at $5.26 with above-average volume. This sharp move to the upside is now quickly pushing shares of RIBT within range of triggering a major breakout trade. That trade will hit if RIBT manages to take out Thursday's intraday high of $5.39 to its recent gap-down-day high of $5.64 with high volume.
Traders should now look for long-biased trades in RIBT as long as it's trending above some near-term support levels at $5 or at $4.84 and then once it sustains a move or close above those breakout levels with volume that hits near or above 109,502 shares. If that breakout hits soon, then RIBT will set up to re-fill some of its previous gap-down-day zone from earlier this month that started at $6.90.
Ocean Power Technologies
Ocean Power Technologies (OPTT) develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the U.S., Europe, Asia, and Australia. This stock closed flat to $1.30 in Thursday's trading session.
Thursday's Range: $1.22-$1.35
52-Week Range: $1.03-$7.01
Thursday's Volume: 355,000
Three-Month Average Volume: 407,620
From a technical perspective, OPTT bounced around here right above some near-term support at $1.21 with decent upside volume flows. Shares of OPTT briefly traded to an intraday high of $1.35, before closing at $1.30 and finishing just above its 50-day moving average of $1.28. Shares of OPTT are now starting to move within range of triggering a major breakout trade. That trade will hit if OPTT manages to take out Thursday's intraday high of $1.35 to some more key overhead resistance levels at $1.50 to $1.54 with high volume.
Traders should now look for long-biased trades in OPTT as long as it's trending above some near-term support at $1.21 or above more support at $1.14 and then once it sustains a move or close above those breakout levels with volume that hits near or above 407,620 shares. If that breakout hits soon, then OPTT will set up to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.84, or even just above $2.
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PhotoMedex
PhotoMedex (PHMD), a skin health company, provides integrated disease management and aesthetic solutions to dermatologists, professional aestheticians, and consumers in North America, the Asia Pacific, Europe, and South America. This stock closed up 2.2% to $7.40 a share in Thursday's trading session.
Thursday's Range: $7.04-$7.43
52-Week Range: $7.04-$16.82
Thursday's Volume: 115,000
Three-Month Average Volume: 120,912
From a technical perspective, PHMD bounced higher here right off its new 52-week low of $7.04 with decent upside volume flows. This stock has been downtrending badly for the last two months and change, with shares moving lower from its high of $12.75 to that new 52-week low at $7.04. During that downtrend, shares of PHMD have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of PHMD are now starting to rebound off oversold levels, since its current relative strength index reading is 27.8. This rebound is starting to push shares of PHMD within range of triggering a near-term breakout trade. That trade will hit if PHMD manages to take out some near-term overhead resistance levels at $7.56 to $7.60 with high volume.
Traders should now look for long-biased trades in PHMD as long as it's trending above its 52-week low at $7.04 and then once it sustains a move or close above those breakout levels with volume that hits near or above 120,912 shares. If that breakout materializes soon, then PHMD will set up to re-test or possibly take out its next major overhead resistance levels near $8.50 to $9, or even its 50-day moving average of $9.36.
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Nanosphere
Nanosphere (NSPH) provides molecular diagnostic tests that can lead to earlier disease detection, optimal patient treatment, and enhanced healthcare economics. This stock closed up 4% to 63 cents per share in Thursday's trading session.
Thursday's Range: $0.59-$0.66
52-Week Range: $0.54-$2.97
Thursday's Volume: 653,000
Three-Month Average Volume: 1.21 million
From a technical perspective, NSPH ripped higher here right above some near-term support at 58 cents per share with lighter-than-average volume. This spike to the upside on Thursday briefly pushed shares of NSPH into breakout territory, since the stock flirted with some near-term overhead resistance at 65 cents per share. Shares of NSPH tagged an intraday high of 66 cents per share, before closing just below that level at 63 cents per share. This move is now starting to push shares of NSPH within range of triggering another big breakout trade. That trade will hit if NSPH manages to take out Thursday's intraday high of 66 cents per share to some more near-term overhead resistance at 70 cents per share with high volume.
Traders should now look for long-biased trades in NSPH as long as it's trending above some key near-term support levels at 58 cents to 56 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.21 million shares. If that breakout develops soon, then NSPH will set up to re-test or possibly take out its next major overhead resistance levels at 80 cents to 90 cents per share, or even 99 cents per share.
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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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