DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stocks Under $10 Set to Soar
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 today.
Empresa Distribuidora y Comercializadora Norte
Empresa Distribuidora y Comercializadora Norte (EDN) distributes and sells electricity in the north-eastern region of greater Buenos Aires. This stock closed up 3.9% to $5.75 a share in Thursday's trading session.
Thursday's Range: $5.56-$5.75
52-Week Range: $1.65-$7.03
Thursday's Volume: 51,000
Three-Month Average Volume: 78,734
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From a technical perspective, EDN trended higher here right above some near-term support at $5.30 with lighter-than-average volume. This move is quickly pushing shares of EDN within range of triggering a near-term breakout trade. That trade will hit if EDN manages to take out some near-term overhead resistance levels at $5.93 to $6 with high volume.
Traders should now look for long-biased trades in EDN as long as it's trending above some key near-term support levels at $5.30 or at $5, and then once it sustains a move or close above those breakout levels with volume that hits near or above 78,734 shares. If that breakout hits soon, then EDN will set up to re-test or possibly take out its next major overhead resistance levels at $6.43 to its 52-week high at $7.03.
Jinpan International
Jinpan International (JST) designs, manufactures and sells cast resin transformers for voltage distribution equipment in China. This stock closed up 8.3% to $7.16 in Thursday's trading session.
Thursday's Range: $6.65-$7.25
52-Week Range: $4.38-$7.86
Thursday's Volume: 136,000
Three-Month Average Volume: 38,054
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From a technical perspective, JST exploded higher here right off its 50-day moving average of $6.71 with above-average volume. This move pushed shares of JST into breakout territory, since the stock took out some near-term overhead resistance at $6.94. Market players should now look for a continuation move higher in the short-term if JST can manage to take out Thursday's high of $7.25 with volume.
Traders should now look for long-biased trades in JST as long as it's trending above Thursday's low of $6.65 and then once it sustains a move or close above $7.25 with volume that hits near or above 38,054 shares. If we get that move soon, then JST will set up to re-test or possibly take out its next major overhead resistance levels at $7.63 to its 52-week high at $7.86. Any high-volume move above those levels will then give JST a chance to tag $8.50 to $9.
Chemocentryx
Chemocentryx (CCXI) is a biopharmaceutical company engaged in discovering, developing and commercializing orally administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. This stock closed up 5.7% to $4.95 in Thursday's trading session.
Thursday's Range: $4.66-$4.98
52-Week Range: $4.57-$14.96
Thursday's Volume: 278,000
Three-Month Average Volume: 581,109
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From a technical perspective, CCXI spiked sharply higher here right above some near-term support at $4.57 with lighter-than-average volume. This stock has been downtrending badly for the last three months and change, with shares plunging from its high of $14.75 to its recent low of $4.57. During that downtrend, shares of CCXI have been consistently making lower highs and lower lows, which is bearish technical price action. This spike higher on Thursday is now starting to push shares of CCXI within range of triggering a near-term breakout trade. That trade will hit if CCXI manages to take out some near-term overhead resistance at $4.99 with high volume.
Traders should now look for long-biased trades in CCXI as long as it's trending above some key near-term support at $4.57 and then once it sustains a move or close above $4.99 with volume that hits near or above 581,109 shares. If that breakout hits soon, then CCXI will set up to re-test or possibly take out its next major overhead resistance levels at $5.48 to $5.90. Any high-volume move above those levels will then give CCXI a chance to tag its next major overhead resistance levels at $6.45 to $7.
Atossa Genetics
Atossa Genetics (ATOS) is a health care company involved in the prevention of breast cancer through the commercialization of diagnostic medical devices and laboratory developed tests that can detect precursors to breast cancer. This stock closed up 7.5% to $2.14 in Thursday's trading session.
Thursday's Range: $2.00-$2.20
52-Week Range: $1.74-$12.40
Thursday's Volume: 253,000
Three-Month Average Volume: 405,322
From a technical perspective, ATOS ripped sharply higher here right off some near-term support at $2 to $1.92 with lighter-than-average volume. This move is quickly pushing shares of ATOS within range of triggering a big breakout trade. That trade will hit if ATOS manages to take out some key near-term overhead resistance levels at $2.20 to $2.26 with high volume.
Traders should now look for long-biased trades in ATOS as long as it's trending above some key near-term support at $1.92 and then once it sustains a move or close above those breakout levels with volume that hits near or above 405,322 shares. If that breakout triggers soon, then ATOS will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.20.
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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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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