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5 Under-$10 Stocks Moving Much Higher

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

>>5 Stocks Set to Soar on Bullish Earnings

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.

>>5 Stocks With Breakout Potential

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.
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ACFN $0.14 -3.45%
BIOS $2.50 4.17%
CNTF $0.79 0.14%
MCOX $3.44 3.93%
RNDY $2.65 0.00%


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