4 Stocks Under $10 Making Big Moves

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.

Adamis Pharmaceuticals

Adamis Pharmaceuticals (ADMP), a biopharmaceutical company, engages in the development and commercialization of specialty pharmaceutical products in the therapeutic areas of oncology, immunology and infectious diseases, and allergy and respiratory. This stock closed up 0.94% to $6.45 in Thursday's trading session.

Thursday's Range: $6.17-$6.45
52-Week Range: $3.40-$17.00
Thursday's Volume: 128,000
Three-Month Average Volume: 71,305

From a technical perspective, ADMP trended modestly higher here right above some previous support levels at $6.15 to $6.20 with above-average volume. This stock has been trending sideways and consolidating for the last month and change, with shares moving between $6.15 on the downside and $7.25 on the upside. Shares of ADMP are now starting to trend within range of triggering a big breakout trade. That trade will hit if ADMP manages to take out its 50-day moving average of $6.89 to some more near-term overhead resistance levels at $7.10 to $7.25 with high volume.

Traders should now look for long-biased trades in ADMP as long as it's trending above those key near-term support levels at $6.20 to $6.15 and then once it sustains a move or close above those breakout levels with volume that hits near or above 71,305 shares. If that breakout hits soon, then ADMP will set up to re-fill some of its previous gap-down-day zone from December that started near $9.

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