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 recently.
Cleantech Solutions International
Cleantech Solutions International (CLNT) manufactures and sells high-precision forged rolled rings, yaw bearings and shafts. It also manufactures and sells textile dyeing and finishing machines. This stock closed up 9.7% to $5.83 in Thursday's trading session.
Thursday's Range: $5.22-$5.84
52-Week Range: $2.03-$10.85
Thursday's Volume: 457,000
Three-Month Average Volume: 758,917
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From a technical perspective, CLNT ripped sharply higher here back above its 50-day moving average of $5.48 with lighter-than-average volume. This move also pushed shares of CLNT into breakout territory, since the stock took out some near-term overhead resistance at $5.72.
Traders should now look for long-biased trades in CLNT as long as it's trending above its 50-day at $5.48 or above more support at $5.05 and then once it sustains a move or close above Thursday's high of $5.84 with volume that hits near or above 758,917 shares. If we get that move soon, then CLNT will set up to re-test or possibly take out its next major overhead levels at $7 to $7.79.
Hudson Technologies
Hudson Technologies (HDSN) is a refrigerant services company providing innovative solutions to recurring problems within the refrigeration industry. This stock closed up 7.3% to $2.05 in Thursday's trading session.
Thursday's Range: $1.89-$2.06
52-Week Range: $1.76-$5.04
Thursday's Volume: 153,000
Three-Month Average Volume: 215,571
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From a technical perspective, HDSN trended higher here right above some near-term support at $1.76 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $1.77 to $1.76. Following that bottom, shares of HDSN have started to uptrend and break out on Thursday above some near-term overhead resistance at $1.96. Shares of HDSN are now quickly moving within range of triggering another big breakout trade. That trade will hit if HDSN manages to take out some more resistance levels at $2.13 to $2.18 with high volume.
Traders should now look for long-biased trades in HDSN as long as it's trending above Thursday's low of $1.89 and then once it sustains a move or close above those breakout levels with volume that hits near or above 215,571 shares. If that breakout hits soon, then HDSN will set up to re-test or possibly take out its next major overhead resistance levels at $2.75 to $2.92. Any high-volume move above $2.92 will then put its 200-day moving average at $3.30 into range for shares of HDSN.
Magnum Hunter Resources
Magnum Hunter Resources (MHR) is an oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids resources in the U.S. and Canada. This stock closed up 7.5% to $5.87 in Thursday's trading session.
Thursday's Range: $5.47-$5.88
52-Week Range: $2.37-$5.88
Thursday's Volume: 4.84 million
Three-Month Average Volume: 3.38 million
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From a technical perspective, MHR ripped higher here right off some near-term support at $5.40 with heavy upside volume. This move pushed shares of MHR into breakout and new 52-week high territory, since the stock took out some near-term overhead resistance levels at $5.79 to its former 52-week high at $5.86.
Traders should now look for long-biased trades in MHR as long as it's trending above some key near-term support levels at $5.40 or at $5.18 and then once it sustains a move or close above Thursday's high of $5.88 with volume that hits near or above 3.38 million shares. If that breakout triggers soon, then MHR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are its next major overhead resistance levels at $6.45 to $7.50.
Gevo
Gevo (GEVO) is a renewable chemicals and advanced biofuels company. This stock closed up 3.1% to $1.97 in Thursday's trading session.
Thursday's Range: $1.75-$1.92
52-Week Range: $1.36-$2.75
Thursday's Volume: 650,000
Three-Month Average Volume: 753,223
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From a technical perspective, GEVO jumped higher here right above its 50-day moving average of $1.88 and back above its 200-day moving average of $1.93 with decent upside volume. This stock has been uptrending modestly over the last month and change, with shares moving higher from its low of $1.67 to its recent high of $2.09. During that move, shares of GEVO have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GEVO within range of triggering a near-term breakout trade. That trade will hit if GEVO manages to take out some near-term overhead resistance levels at $2.09 to $2.11 with high volume.
Traders should now look for long-biased trades in GEVO as long as it's trending above its 50-day at $1.88 or above more near-term support at $1.82 and then once it sustains a move or close above those breakout levels with volume that hits near or above 753,223 shares. If that breakout hits soon, then GEVO will set up to re-test or possibly take out its next major overhead resistance levels at $2.30 to $2.32. Any high-volume move above those levels will then put its next major overhead resistance levels at $2.45 to $2.75 into range for shares of GEVO.
FalconStor Software
FalconStor Software (FALC) provides disk-based data protection. This stock closed up 2.8% to $1.44 in Thursday's trading session.
Thursday's Range: $1.40-$1.45
52-Week Range: $0.88-$2.89
Thursday's Volume: 260,000
Three-Month Average Volume: 264,841
From a technical perspective, FALC bounced modestly higher here and broke out above some past overhead resistance at $1.43 with decent upside volume. This stock has been uptrending strong for the last two months, with shares moving higher from its low of 88 cents to its intraday high of $1.45. During that move, shares of FALC have been consistently making higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in FALC as long as it's trending above $1.30 or $1.20 and then once it sustains a move or close above Thursday's high of $1.45 with volume that hits near or above 264,841 shares. If we get that move soon, then FALC will set up to re-test or possibly take out its next major overhead resistance levels at $1.66 to its 200-day moving average at $1.81. Any high-volume move above those levels will then put $1.90 to $2.20 into range for shares of FALC.
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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