4 Health Care Stocks Under $10 Close to Breakouts

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 today.


CombiMatrix ( CBMX) is a molecular diagnostics company that operates mainly in the field of genetic analysis and molecular diagnostics. This stock closed up 8.4% to $3.33 in Tuesday's trading session.

Tuesday's Range: $3.24-$3.89
52-Week Range: $1.40-$14.14
Tuesday's Volume: 2.05 million
Three-Month Average Volume: 383,146

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From a technical perspective, CBMX ripped higher here right above its 50-day moving average at $3.07 with heavy upside volume. This move is quickly pushing shares of CBMX within range of triggering a major breakout trade. That trade will hit if CBMX manages to take out its 200-day moving average at $3.85 and then when it clears more resistance at $4.60 to $4.62 with high volume.

Traders should now look for long-biased trades in CBMX as long as it's trending above Tuesday's low of $3.24 and then once it sustains a move or close above those breakout levels with volume that hits near or above 383,146 shares. If that breakout triggers soon, then CBMX will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $7.50.

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