This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Stocks Rising on Unusual Volume

WINDERMERE, Fla. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

>>5 "Magic Formula" Stocks for 2013

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.

>>Outwit the S&P in 2013 With 5 Hated Stocks

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.

Zogenix (ZGNX - Get Report)

This is a pharmaceutical company, engaged in the commercializing and developing products for the treatment of central nervous system disorders and pain. This stock is trading up 6.4% to $1.32 in recent trading.

Today's Range: $1.23-$1.36

52-Week Range: $1.11-$3.30

Volume: 2.93 million

Three-Month Average Volume: 1.34 million

From a technical perspective, ZGNX is ripping higher here right above some near-term support at $1.16 with monster upside volume. This stock recently gapped down from $2.36 to $1.11 with big downside volume. That move has pushed ZGNX into oversold territory, since its current relative strength index (RSI) reading is 27. Shares of ZGNX are now starting to bounce off that recent low and move within range of triggering a major breakout trade. That trade will hit once ZGNX manages to take out its gap down day high of $1.44 with high volume.

Traders should now look for long-biased trades in ZGNX as long as it's trending above $1.16, and then once it sustains a move or close above $1.44 with volume that hits near or above 1.34 million shares. If that breakout hits soon, then ZGNX will set up to re-fill some of its previous gap down zone. Some possible upside targets are $1.80 to $2.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ZGNX $10.33 0.78%
BLDR $11.44 3.16%
HGG $1.85 -5.13%
AAPL $93.64 -0.11%
FB $118.57 0.84%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs