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.
BioScrip
BioScrip (BIOS) provides home infusion and other home care services, and pharmacy benefit management services in the U.S. This stock closed up 2.9% to $7.28 a share in Thursday's trading session.
Thursday's Range: $7.05-$7.30
52-Week Range: $5.61-$17.62
Thursday's Volume: 1.51 million
Three-Month Average Volume: 1.74 million
From a technical perspective, BIOS jumped modestly higher here with decent upside volume. This stock has been downtrending for the last month, with shares moving lower from its high of $8.90 to its low of $6.63. During that move, shares of BIOS have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of BIOS have started to rebound off that $6.63 low and it's now starting to move within range of triggering a near-term breakout trade. That trade will hit if BIOS manages to take out some near-term overhead resistance at $7.71 to its 50-day moving average of $7.73 with high volume.
Traders should now look for long-biased trades in BIOS as long as it's trending above some near-term support levels at $6.75 or at $6.63 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.74 million shares. If that breakout starts soon, then BIOS will set up to re-test or possibly take out its next major overhead resistance levels at $8.25 to $8.90, or even $9.05.
Nam Tai Electronics
Nam Tai Electronics (NTE) provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. This stock closed up 0.32% to $6.34 a share in Thursday's trading session.
Thursday's Range: $6.25-$6.43
52-Week Range: $4.55-$8.43
Thursday's Volume: 173,000
Three-Month Average Volume: 359,398
From a technical perspective, NTE trended modestly higher here right above its 50-day moving average of $5.99 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $5.78 to $5.70. Following that bottom, shares of NTE have started to spike higher back above its 50-day moving average and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if NTE manages to take out Thursday's high of $6.43 to some more near-term overhead resistance at $6.46 with high volume.
Traders should now look for long-biased trades in NTE as long as it's trending above its 50-day moving average of $5.99 and then once it sustains a move or close above those breakout levels with volume that hits near or above 359,398 shares. If that breakout hits soon, then NTE will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $6.97 to $7.50.
Noranda Aluminum
Noranda Aluminum (NOR) produces and sells primary aluminum and rolled aluminum coils in the U.S. This stock closed up 2.5% to $4.38 a share in Thursday's trading session.
Thursday's Range: $4.19-$4.42
52-Week Range: $2.21-$5.08
Thursday's Volume: 1.09 million
Three-Month Average Volume: 824,008
From a technical perspective, NOR trended notably higher here right above its 50-day moving average of $3.95 with above-average volume. This spike higher on Thursday is quickly pushing shares of NOR within range of triggering a big breakout trade. That trade will hit if NOR manages to take out some near-term overhead resistance levels at $4.44 to $4.48 and then once it takes out $4.60 with high volume.
Traders should now look for long-biased trades in NOR as long as it's trending above its 50-day at $3.95 or above more near-term support at $3.75 and then once it sustains a move or close above those breakout levels with volume that hits near or above 824,008 shares. If that breakout kicks off soon, then NOR will set up to re-fill some of its previous gap-down-day zone from March that started at $5. If that gap gets filled with volume, then NOR will set up to challenge its 52-week high at $5.08.
Body Central
Body Central (BODY) operates as a specialty retailer of young women's apparel and accessories in the South, Southwest, Mid-Atlantic and Midwest regions of the U.S. This stock closed up 1.7% to $1.15 a share in Thursday's trading session.
Thursday's Range: $1.10-$1.16
52-Week Range: $0.86-$13.39
Thursday's Volume: 561,000
Three-Month Average Volume: 668,095
From a technical perspective, BODY spiked modestly higher here with decent upside volume. This stock recently gapped down sharply from around $1.85 to under $1 with heavy downside volume. Following that move, shares of BODY went on to print a new 52-week low of 86 cents per share. Shares of BODY have now started to rebound off that 86 cents low and off oversold territory. The current relative strength index reading for BODY is 24.91, which indicates an extremely oversold level. This spike higher on Thursday is now starting to push shares of BODY within range of triggering a near-term breakout trade. That trade will hit if BODY manages to take out some near-term overhead resistance levels at $1.26 to its gap-down-day high of $1.28 with high volume.
Traders should now look for long-biased trades in BODY as long as it's trending above Thursday's low of $1.10 or above more support at $1 and then once it sustains a move or close above those breakout levels with volume that hits near or above 668,095 shares. If that breakout triggers soon, then BODY will set up to re-fill some of its previous gap-down-day zone that started around $1.85.
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.
