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.
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 upgrade.>>5 Big Stocks to Trade for Gains 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 several stocks under $10 that are making large moves to the upside today.
Aviat Networks
Aviat Networks ( AVNW) provides Internet protocol networking expertise toward building a carrier class foundation for mobile and fixed broadband networks. This stock is trading up 12% at $2.95 in recent trading. Today's Range: $2.90-$3.03 52-Week Range: $1.62-$4.93 Volume: 274,000 Three-Month Average Volume: 232,747 Shares of AVNW are ripping higher today after Needham reiterated its buy rating and $3.50 price target on the stock. Analyst Richard Valera said: "For the second quarter in a row, Aviat delivered solid quarterly results relative to guidance on all key metrics -- including revenue, gross margin and cash burn -- suggesting the business appears to have turned the corner following numerous quarters of restructuring and cash burn." >>3 Tech Stocks to Buy on a Pullback From a technical perspective, AVNW is gapping up huge here back above its 50-day moving average of $2.69 on above average volume. This move is quickly pushing AVNW within range of triggering a near-term breakout trade. That trade will hit once AVNW takes out some near-term overhead resistance at $3.09 with volume. Traders should now look for long-biased trades in AVNW off a sustained move or close above $3.09 with volume that's near or above 232,747 shares. If we get that action today or soon, then look for AVNW to challenge and possibly take out its March high of $3.30. If $3.30 is then taken out with volume, this stock has a chance to hit its next significant overhead resistance at $4.40.
LiveDeal
LiveDeal ( LIVE) provides local customer acquisition services for small businesses. This stock is trading up 8.3% at $6.60 in recent trading. Today's Range: $6.40-$6.88 52-week Range: $1.02-$7.37 Volume: 100,000 Three-Month Average Volume: 74,548 >>6 Tech Stocks That Rate Better Than Apple From a technical perspective, LIVE is gapping up strong here on above average volume, and its breaking out above some near-term overhead resistance at $5.95 to $6.10. This move is pushing LIVE within range of triggering another major breakout trade. That trade will hit once LIVE takes out some past overheard resistance at $7.19 to $7.37 with high volume. Traders should continue to look for long-biased trades in LIVE as long it closes near its daily highs, and then triggers that breakout over $7.19 to $7.37 on volume that's near or above 74,548 shares. If we see that action soon, then LIVE could trend toward $9 or higher.
Dusa Pharmaceuticals
Dusa Pharmaceuticals ( DUSA) is a vertically integrated dermatology company that is developing and marketing Levulan photodynamic therapy (Levulan PDT), and other products for common skin conditions. This stock is trading up 5.4% at $6.39 in recent trading. Today's Range: $6.07-$6.62 52-Week Range: $3.25-$6.83 Volume: 252,000 Three-Month Average Volume: 178,356 >>Stocks Rising on Unusual Volume From a technical perspective, DUSA is soaring here on above average volume. This move is pushing DUSA within range of triggering a major breakout trade. That trade will hit once DUSA takes out some overhead resistance at $6.50 to $6.60 and then $6.83 with high-volume. At last check, DUSA has hit an intraday high of $6.62 on volume that's above its average action. Traders should now look for long-biased trades off a sustained move or close above those resistance levels on volume that's near or above 178,356 shares. If we get that action today or soon, then this stock could continue its uptrend towards $10.
Sequans Communications
Sequans Communications ( SQNS) is a fabless designer, developer and supplier of fourth generation semiconductor solutions for wireless broadband applications. This stock is trading up 3.6% at $2.30 in recent trading. Today's Range: $2.22-$2.39 52-Week Range: $2.00-$19.50 Volume: 109,000 Three-Month Average Volume: 169,061 >>5 Chip Stocks JPMorgan Likes From a technical perspective, SQNS is moving modestly higher today on decent volume. This move is pushing SQNS within range of triggering near-term breakout trade. That trade will hit once SQNS takes out some near-term overhead resistance at $2.47 and then its 50-day moving average at $2.64 with high-volume. Traders should now look for long-biased trades if SQNS can take out those levels with volume that's near or above 169,061 shares. If we get that action soon, then SQNS could easily hit its next significant overhead resistance levels at $3 to $3.30 in the near future.
Intralinks
Intralinks ( IL), together with its subsidiaries, is a global provider of software-as-a-service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. This stock is trading up 3.1% to $4.93 in recent trading. Today's Range: $4.75-$5.03 52-Week Range: $4.58-$30.13 Volume: 136,000 Three-Month Average Volume: 353,653 >>5 Breakout Trades to Take On in May From a technical perspective, IL is moving slightly higher today on light volume. This move is pushing the stock within range of triggering a near-term breakout trade. That trade will hit once IL takes out some near-term overhead resistance at $5 to its 50-day moving average of $5.27 with high-volume. Traders should now look for long-biased trades off a sustained move or close above those levels with volume that's near or above 353,653 shares. If we get that action today or soon, then IL has a great chance to hit its next significant overhead resistance levels of $5.50 to $5.77 in the near future.
ReneSola
ReneSola ( SOL) is a manufacturer of solar wafers and producer of solar power products based in China. This stock is trading up 7.6% to $1.83 in recent trading. Today's Range: $1.75-$1.83 52-week Range: $1.45-$8.94 Volume: 548,000 Three-Month Average Volume: 1.3 million >>5 Rocket Stocks to Buy in May From a technical perspective, SOL is ripping higher here on below average volume. This move is pushing SOL within range of a major near-term breakout trade. That trade will hit once SOL takes out some near-term overhead resistance at $1.85 to $2.06 with high-volume. Traders should now look for long-biased trades if SOL can sustain a move or close above $1.85 to $2.06 with volume that's near or above 1,319,440 shares. If we get that action soon, look for SOL to spike big towards its 50-day moving average of $2.23 or its 200-day moving average of $2.44.
Penn Virginia
Penn Virginia ( PVA) is an independent oil and gas company primarily engaged in the exploration, development and production of natural gas and oil in various domestic onshore regions of the United States, including Texas, Appalachia, the Mid-Continent and Mississippi. This stock is trading up 12.8% to $5.60 in recent trading. Today's Range: $4.90-$5.66 52-Week Range: $3.92-$15.47 Volume: 1.2 milion Three-Month Average Volume: 1.29 million >>7 Energy Stocks That Investors Have All Wrong From a technical perspective, PVA is skyrocketing here on decent volume. This move has pushed the stock into breakout territory since it has moved above some near-term overhead resistance at $5.44. Traders should now look for long-biased trades off the next major breakout for PVA. That breakout will hit once PVA takes out its 200-day moving average of $6.06 and then some past overhead resistance at $6.36. Look for volume on that move that's near or above 1,289,070 shares. If we get that action soon, look for PVA to hit $7 to $8.50 in the near future.
Arena Pharmaceuticals
Arena Pharmaceuticals ( ARNA) is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors, in four major therapeutic areas: cardiovascular, central nervous system, inflammatory and metabolic diseases. This stock is trading up 6.1% to $2.76 in recent trading. Today's Range: $2.67-$2.87 52-week Range: $1.23-$3.47 Volume: 9.2 million Three-Month Average Volume: 10.1 million Shares of ARNA are ripping higher today in front of their FDA advisory panel meeting for its obesity drug Lorcaserin, which is scheduled for May 10. This will mark the second review cycle for Lorcaserin. From a technical perspective, ARNA is spiking higher here on decent volume. This move is quickly pushing ARNA within range of triggering a near-term breakout trade. That trade will hit once ARNA takes out some near-term overhead resistance at $2.89 with high-volume. Traders should now look for long-biased trades once ARNA sustains a move or close over $2.89 on volume that's near or above 10,123,900 shares. At last check, ARNA has hit an intraday high of 2.86 and volume is very close to its three-month average action. If we get that breakout today or soon, look for ARNA to rip higher toward its April highs $3.27 to $3.47 or possibly even above those levels. To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
