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
Sometimes stocks making big moves have been hit with an
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
Genco Shipping & Trading
Genco Shipping & Trading
is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. This stock is trading up 6.7% to $3.79 in recent trading.
Today's Range: $3.46-$3.79
52-Week Range: $2.09-$10.14
Three-Month Average Volume: 658,797
From a technical perspective, GNK is bouncing here right near its 50-day moving average of $3.25 with light volume. This bounce could be offering a good entry point for GNK if it can hold its trend above that 50-day.
Traders should now look for long-biased trades in GNK as long as it's trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 658,797 shares as bullish. If GNK can maintain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $4.54 to its 200-day moving average of $4.92. If GNK were to clear its 200-day with strong volume, then it's possible it tags $6 to $6.50 in the near future.
is a renewable fuels company engaged in producing cellulosic gasoline and diesel from abundant non-food biomass. This stock is trading up 4.8% at $8.71 in recent trading.
Today's Range: $8.39-$8.92
52-Week Range: $6.34-$23.85
Three-Month Average Volume: 152,105
From a technical perspective, KIOR is trending notably higher here with light volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once KIOR manages to take out its 200-day moving average at $9.37, and then once it clears some more overhead resistance at $9.95 with high volume.
Traders should now look for long-biased trades in KIOR as long as it's trending above some near-term support at $8.12, and then once it sustains a move or close above those breakout levels with volume that's near or above 152,105 shares. If that breakout triggers soon, then KIOR will have a great chance to re-test or possibly take out its next major overhead resistance levels at $11.58 to $11.95. Any high-volume move above $11.58 to $11.95 will put $13.90 into range for KIOR.
is a development-stage company at an early stage in the development of its pharmaceutical products that are designed to treat the underlying causes of degeneration of the brain and the eye as the aging process progresses focusing on Alzheimer's disease and Huntington's and Parkinson's diseases. This stock is trading up 8.6% at $2.24 in recent trading.
Today's Range: $2.06-$2.39
52-Week Range: $1.40-$2.74
Three-Month Average Volume: 119,133
From a technical perspective, PRAN is bouncing solidly to the upside here right off some near-term support at $2.04 with above-average volume. This move is coming after PRAN just sold off from its recent high of $2.74 to $2.04 in a few trading sessions.
Traders should now look for long-biased trades in PRAN once it manages to break out $2.40 with high volume. Look for a sustained move or close above $2.40 with volume that hits near or above 119,133 shares. If that breakout trigger soon, then look for PRAN to re-test or possibly take out that recent high of $2.74. Any high-volume move above $2.74 could see PRAN trade north of $3 in the near future.
is a drug discovery and development company that is committed to leveraging signaling pathway drug technologies in seeking to develop next generation network-targeted cancer therapies. This stock is trading up 5.3% to $4.22 in recent trading.
Today's Range: $4.06-$4.23
52-Week Range: $2.87-$5.65
Three-Month Average Volume: 411,944
From a technical perspective, CRIS is trending higher here with light volume as it finds some buying interest around some previous support levels near $4. This move is starting to push CRIS within range of triggering a near-term breakout trade. That trade will hit once CRIS manages to take out some near-term overhead resistance at $4.35 to $4.44, and then once it clears its 200-day at $4.67 with high volume.
Traders should now look for long-biased trades in CRIS once it manages to sustain a move or close above those levels with volume that's near or above 411,944 shares. If that breakout triggers soon, then CRIS will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $5.16 to $5.50.
To see more stocks under-$10 that are making notable moves higher today, check out the
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.