5 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.

EveryWare Global

EveryWare Global (EVRY) provides tabletop and food preparation products for the consumer, foodservice and specialty markets. This stock closed up 8.5% to $1.02 in Tuesday's trading session.

Tuesday's Range: $0.86-$1.05
52-Week Range: $0.67-$13.74
Tuesday's Volume: 215,000
Three-Month Average Volume: 147,747

From a technical perspective, EVRY spiked sharply higher here with above-average volume. This stock has been absolutely destroyed over the last six months, with shares moving lower from over $8 to its recent 52-week low of 67 cents per share. During that move, shares of EVRY have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of EVRY are now starting to spike higher off that 67 cent per share low and it's breaking out into its recent gap-down-day zone from a few days ago that started near $1.50.

Traders should now look for long-biased trades in EVRY as long as it's trending above Tuesday's low of 86 cents per share and then once it sustains a move or close above Tuesday's high of $1.05 with volume that hits near or above 147,747 shares. If that move starts soon, then EVRY will set up to re-fill more of its gap-down-day zone that started near $1.50.

Rubicon Technology

Rubicon Technology (RBCN), an electronic materials provider, develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications. This stock closed up 2% to $7.42 in Tuesday's trading session.

Tuesday's Range: $7.26-$7.58
52-Week Range: $6.84-$14.67
Tuesday's Volume: 586,000
Three-Month Average Volume: 663,387

From a technical perspective, RBCN jumped higher here right above some near-term support at $7.07 with decent upside volume. This stock has been downtrending badly for the last month and change, with shares moving lower from its high of $14.67 to its recent low of $6.93. During that downtrend, shares of RBCN have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of RBCN are now starting to bounce off that recent low of $6.93 and off oversold levels, since its relative strength index reading is coming off sub-30 readings.

Traders should now look for long-biased trades in RBCN as long as it's trending above some key near-term support levels at $7.07 or at $6.93 and then once it sustains a move or close above Tuesday's high of $7.58 to some more near-term overhead resistance at $7.92 with volume that hits near or above 663,387 shares. If that move materializes soon, then RBCN will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to $9.50. Any high-volume move above $9.50 will then give RBCN a chance to re-fill some of its recent gap-down-day zone that started at $10.30.

Cyan

Cyan (CYNI) provides various carrier-grade networking solutions that transform legacy networks into open high-performance networks in North America, Asia and Europe. This stock closed up 4.1% to $3.49 in Tuesday's trading session.

Tuesday's Range: $3.29-$3.56
52-Week Range: $3.18-$13.92
Tuesday's Volume: 126,000
Three-Month Average Volume: 348,921

From a technical perspective, CYNI ripped higher here right above some near-term support at $3.29 with lighter-than-average volume. This move is quickly pushing shares of CYNI within range of triggering a near-term breakout trade. That trade will hit if CYNI manages to take out some near-term overhead resistance levels at $3.57 to $3.64 with high volume.

Traders should now look for long-biased trades in CYNI as long as it's trending above some near-term support at $3.29 or above its 52-week low of $3.18 and then once it sustains a move or close above those breakout levels with volume that hits near or above 348,921 shares. If that breakout triggers soon, then CYNI will set up to re-test or possibly take out its next major overhead resistance level at its 50-day moving average of $4.07 to possibly even $4.50.

Smith Micro Software

Smith Micro Software (SMSI) provides software and services that simplify, secure and enhance the mobile experience. This stock closed up 6.1% to 86 cents per share in Tuesdays trading session.

Tuesday's Range: $0.80-$0.86
52-Week Range: $0.66-$2.69
Tuesday's Volume: 144,000
Three-Month Average Volume: 456,676

From a technical perspective, SMSI trended sharply higher here right above some near-term support at 80 cents per share to 75 cents per share with lighter-than-average volume. This stock recently gapped down sharply from over $1.40 to its 52-week low of 66 cents per share with heavy downside volume. Following that move, shares of SMSI have now started to rebound off its 52-week low and it's quickly moving within range of triggering a major breakout trade. That trade will hit if SMSI manages to take out some key near-term overhead resistance levels at 86 to 89 cents per share and then once it clears its gap-down-day high of 95 cents per share with high volume.

Traders should now look for long-biased trades in SMSI as long as it's trending above some key near-term support levels at 80 cents to 75 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 456,676 shares. If that breakout triggers soon, then SMSI will set up to re-fill some of its previous gap-down-day zone that started just above $1.40.

Vertex Energy

Vertex Energy (VTNR), an environmental services company, provides various services designed to aggregate, process and recycle industrial and commercial waste streams, as well as off-specification commercial chemical products. This stock closed up 6.8% to $8.00 in Tuesday's trading session.

Tuesday's Range: $7.32-$8.02
52-Week Range: $2.35-$9.19
Thursday's Volume: 300,000
Three-Month Average Volume: 332,353

From a technical perspective, VTNR ripped higher here right above its 50-day moving average of $6.87 with decent upside volume. This spike higher on Tuesday is quickly pushing shares of VTNR within range of triggering a major breakout trade. That trade will hit if VTNR manages to take out Tuesday's intraday high of $8.02 to some more key near-term overhead resistance levels at $9.14 to its 52-week high at $9.19 with high volume.

Traders should now look for long-biased trades in VTNR as long as it's trending above Tuesday's low of $7.32 or above its 50-day at $6.87 and then once it sustains a move or close above those breakout levels with volume that hits near or above 332,353 shares. If that breakout hits soon, then VTNR will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $12.

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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