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.

Vical

Vical (VICL) is engaged in the research and development of biopharmaceutical products based on its DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. This stock closed up 2.4% to $1.25 a share in Thursday's trading session.

Thursday's Range: $1.22-$1.28
52-Week Range: $1.01-$4.51
Thursday's Volume: 1.27 million
Three-Month Average Volume: 1.04 million

From a technical perspective, VICL spiked modestly higher here back above its 50-day moving average of $1.24 with above-average volume. This spike higher on Thursday is starting to push shares of VICL within range of triggering a big breakout trade. That trade will hit if VICL manages to take out some near-term overhead resistance levels at $1.30 to $1.36 with strong upside volume. Keep in mind that taking out those levels will also push VICL back above its 200-day moving average of $1.29.

Traders should now look for long-biased trades in VICL as long as it's trending above some near-term support levels at $1.20 or at $1.16 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.04 million shares. If that breakout starts soon, then VICL will set up to re-test or possibly take out its next major overhead resistance levels at $1.50 to $1.60, or even $1.66 to $1.75.

Hercules Offshore

Hercules Offshore (HERO), together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. This stock closed up 2.2% to $4.55 a share in Thursday's trading session.

Thursday's Range: $4.45-$4.56
52-Week Range: $4.21-$7.96
Thursday's Volume: 6.74 million
Three-Month Average Volume: 4.15 million

From a technical perspective, HERO bounced notably higher here right off its 50-day moving average of $4.49 with strong upside volume flows. This stock recently formed a double bottom chart pattern at $4.34 to $4.32. Following that bottom, shares of HERO have now started to spike higher back above its 50-day and it's quickly moving within range of triggering a major breakout trade. That trade will hit if HERO manages to take out some near-term overhead resistance levels at $4.60 to $4.68 and then above more resistance at $4.72 with high volume.

Traders should now look for long-biased trades in HERO as long as it's trending above those double bottom support zones and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.15 million shares. If that breakout triggers soon, then HERO will set up to re-test or possibly take out its next major overhead resistance levels at $4.86 to $4.98. Any high-volume move above those levels will then give HERO a chance to re-test or possibly take out its 200-day moving average of $5.84.

SFX Entertainment

SFX Entertainment (SFXE) is engaged in the production live events and digital entertainment content that focuses on the electronic music culture and other festivals. This stock closed up 2.5% to $7.34 a share in Thursday's trading session.

Thursday's Range: $7.15-$7.41
52-Week Range: $5.41-$13.39
Thursday's Volume: 482,000
Three-Month Average Volume: 780,419

From a technical perspective, SFXE rose modestly higher here right off its 50-day moving average of $7.13 with lighter-than-average volume. This move is quickly pushing shares of SFXE within range of triggering big breakout trade. That trade will hit if SFXE manages to take out Thursday's intraday high of $7.41 to some more key overhead resistance at $7.49 with high volume.

Traders should now look for long-biased trades in SFXE as long as it's trending above $7 or above $6.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 780,419 shares. If that breakout kicks off soon, then SFXE will set up to re-test or possibly take out its next major overhead resistance levels at $8.14 to $8.57, or even $9.

Cache

Cache (CACH) operates as a mall-based and online woman's specialty retailer of apparel and accessories in the U.S. This stock closed flat to $1.75 a share in Thursday's trading session.

Thursday's Range: $1.75-$1.84
52-Week Range: $1.15-$6.83
Thursday's Volume: 204,000
Three-Month Average Volume: 230,282

From a technical perspective, CACH moved within range of $1.84 on the upside and $1.75 on the downside in Thursday's trading session with decent volume. Despite the lack of movement to the upside, shares of CACH are still trending very close to triggering a major breakout trade. That trade will hit if CACH manages to take out some key near-term overhead resistance at $1.85 with high volume.

Traders should now look for long-biased trades in CACH as long as it's trending above some key near-term support at $1.72 and then once it sustains a move or close above $1.85 with volume that hits near or above 230,282 shares. If that breakout triggers soon, then CACH will set up to re-test or possibly take out its next major overhead resistance levels at $2.62 to its 50-day moving average of $2.72. Any high-volume move above those levels will then give CACH a chance to tag its next major overhead resistance levels at $3.40 to $3.63.

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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