4 Stocks Under $10 Moving Higher

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.

Pretium Resources

Pretium Resources (PVG) engages in the acquisition, exploration and development of precious metal resource properties in the Americas. This stock closed up 7.6% to $6.46 in Tuesday's trading session.

Tuesday's Range: $5.86-$6.49
52-Week Range: $2.70-$12.40
Tuesday's Volume: 894,000
Three-Month Average Volume: 1.13 million

From a technical perspective, PVG spiked sharply higher here and broke out above some near-term overhead resistance at $6.19 with decent upside volume. This stock recently formed a double bottom chart pattern at $4.80 to $4.81. Following that bottom, shares of PVG have spiked sharply higher and entered a new uptrend. Market players should now look for a continuation move higher in the short-term if PVG can manage to take out Tuesday's high of $6.49 with high volume.

Traders should now look for long-biased trades in PVG as long as it's trending above Tuesday's low of $5.86 or above $5.50 and then once it sustains a move or close above $6.49 with volume that hits near or above 1.13 million shares. If we get that move soon, then PVG will set up to re-test or possibly take out its next major overhead resistance levels at $7.44 to $7.96.

Syntroleum

Syntroleum (SYNM), together with its subsidiaries, engages in the commercialization and licensing of its technologies for the production of synthetic liquid hydrocarbons. This stock closed up 3.2% to $3.77 in Tuesday's trading session.

Tuesday's Range: $3.63-$3.77
52-Week Range: $2.56-$7.75
Tuesday's Volume: 109,000
Three-Month Average Volume: 94,235

From a technical perspective, SYNM jumped notably higher here right above its 50-day moving average of $3.37 with above-average volume. This move pushed shares of SYNM into breakout territory, after the stock took out some near-term overhead resistance at $3.59. Shares of SYNM are now quickly moving within range of triggering another big breakout trade. That trade will hit if SYNM manages to take out Tuesday's high of $3.77 to some more near-term overhead resistance at $3.79 with high volume.

Traders should now look for long-biased trades in SYNM as long as it's trending above its 50-day at $3.37 or above more near-term support at $3.33 and then once it sustains a move or close above those breakout levels with volume that hits near or above 94,235 shares. If that breakout triggers soon, then SYNM will set up to re-test or possibly take out its next major overhead resistance levels at $4.16 to $4.50, or even its 200-day moving average of $4.97.

InspiredMD

InspiredMD (NSPR), a medical device company, focuses on the development and commercialization of proprietary MGuard stent platform technology. This stock closed up 4% to $3.10 in Tuesday's trading session.

Tuesday's Range: $2.91-$3.10
52-Week Range: $1.80-$3.67
Tuesday's Volume: 369,000

Three-Month Average Volume: 309,117

From a technical perspective, NSPR spiked notably higher here right above its 50-day moving average of $2.66 with above-average volume. This stock has been uptrending strong over the last month and change, with shares moving higher from its low of $2.27 to its intraday high of $3.10. During that uptrend, shares of NSPR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NSPR within range of triggering a big breakout trade. That trade will hit if NSPR manages to take out Tuesday's high of $3.10 to some past overhead resistance at $3.12 with high volume.

Traders should now look for long-biased trades in NSPR as long as its trending above its 50-day at $2.66 or above its 200-day at $2.49 and then once it sustains a move or close above those breakout levels with volume that hits near or above 309,117 shares. If that breakout hits soon, then NSPR will set up to re-test or possibly take out its next major overhead resistance levels at 52-week high at $3.67 to $4.

Iridium Communications

Iridium Communications (IRDM) provides mobile voice and data communications services through satellites to businesses, the U.S. and foreign governments, non-governmental organizations and consumers worldwide. This stock closed up 8.3% to $6.88 in Tuesday's trading session.

Tuesday's Range: $6.36-$6.90
52-Week Range: $5.37-$9.22
Tuesday's Volume: 2.35 million

Three-Month Average Volume: 993,133

From a technical perspective, IRDM spiked sharply higher here back above its 200-day moving average of $6.84 with heavy upside volume. This move also pushed shares of IRDM into breakout territory, after the stock took out some near-term overhead resistance levels at $6.55 to $6.58 and at $6.80. Shares of IRDM are now quickly moving within range of triggering another big breakout trade. That trade will hit if IRDM manages to take out Tuesday's high of $6.90 to some more past overhead resistance levels at $7.10 to $7.34 with high volume.

Traders should now look for long-biased trades in IRDM as long as its trending above Tuesday's low of $6.36 or above its 50-day at $6 and then once it sustains a move or close above those breakout levels with volume that hits near or above 993,133 shares. If that breakout hits soon, then IRDM will set up to re-fill some of its previous gap-down-day zone from last August that started at $8.25. If that gap gets filled with volume, then IRDM could even re-test its 52-week high at $9.22.

To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.

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At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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