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.

Himax Technologies

Himax Technologies (HIMX), a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. This stock closed up 0.48% to $6.24 in Thursday's trading session.

Thursday's Range: $5.95-$6.37
52-Week Range: $5.10-$16.15
Thursday's Volume: 4.32 million
Three-Month Average Volume: 6.06 million

From a technical perspective, HIMX bounced modestly higher here right above some near-term support at $5.84 with lighter-than-average volume. This stock has formed a major bottoming chart pattern over the last month, with shares finding buyers each time the stock has dipped lower to around $5.65 to $5.84. Shares of HIMX are now starting to bounce off those support levels and quickly move within range of triggering a major breakout trade. That trade will hit if HIMX manages to take out its 50-day moving average of $6.69 and then once it clears more key overhead resistance levels at $6.81 to $6.89 with high volume.

Traders should now look for long-biased trades in HIMX as long as it's trending above some key near-term support levels at $5.84 or at $5.65 and then once it sustains a move or close above those breakout levels with volume that hits near or above 6.06 million shares. If that breakout begins soon, then HIMX will set up to re-test or possibly take out its next major overhead resistance levels at $7.71 to $8, or even $8.77 to $9.05.

Neonode

Neonode (NEON), together with its subsidiaries, develops and licenses user interfaces and optical infrared touch technology solutions. This stock closed up 4.1% to $3.23 a share in Thursday's trading session.

Thursday's Range: $2.95-$3.38
52-Week Range: $2.44-$8.84
Thursday's Volume: 1.85 million
Three-Month Average Volume: 1.28 million

From a technical perspective, NEON ripped sharply higher here with above-average volume. This spike higher on Thursday briefly pushed shares of NEON into breakout territory, since the stock flirted with some near-term overhead resistance at $3.29. Shares of NEON closed just below that level at $3.23, but the stock is still trending within range of triggering another big breakout trade. That trade will hit if NEON manages to take out some key overhead resistance levels at $3.50 to its 50-day moving average of $3.68 with high volume.

Traders should now look for long-biased trades in NEON as long as it's trending above Thursday's intraday low of $2.95 or above more near-term support at $2.73 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.28 million shares. If that breakout triggers soon, then NEON will set up to re-test or possibly take out its next major overhead resistance levels at 4.09 to around $4.50.

RMG Networks

RMG Networks (RMGN) provides enterprise-class digital signage solutions and media applications. This stock closed up 0.43% to $2.31 a share in Thursday's trading session.

Thursday's Range: $2.26-$2.40
52-Week Range: $0.89-$11.21
Thursday's Volume: 155,000
Three-Month Average Volume: 335,723

From a technical perspective, RMGN spiked modestly higher here right above some near-term support at $2.20 and above its 50-day moving average of $2.06 with lighter-than-average volume. This stock has been uptrending strong over the last two months and change, with shares moving higher from its low of 89 cents per share to its recent high of $2.74. During that move, shares of RMGN have been making mostly higher lows and higher highs, which is bullish technical price action. This spike higher on Thursday is starting to push shares of RMGN within range of triggering a near-term breakout trade. That trade will hit if RMGN manages to take out some key near-term overhead resistance levels at $2.53 to $2.54 and then once it clears $2.74 with high volume.

Traders should now look for long-biased trades in RMGN as long as it's trending above support at $2.20 or above its 50-day at $2.06 and then once it sustains a move or close above those breakout levels with volume that hits near or above 335,723 shares. If that breakout gets set off soon, then RMGN will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.50, or even $4.

Uni-Pixel

Uni-Pixel (UNXL) delivers performance engineered films to the display, touch screen, and flexible electronics market segments in the U.S. This stock closed up 1.7% to $7.42 a share in Thursday's trading session.

Thursday's Range: $7.14-$7.45
52-Week Range: $4.80-$20.83
Thursday's Volume: 228,000
Three-Month Average Volume: 537,631

From a technical perspective, UNXL bounced notably higher here right above some near-term support at $7.05 with lighter-than-average volume. This spike higher on Thursday was a counter-trend move for UNXL considering the overall market finished to the downside. Market players should now look for a continuation move to the upside in the short-term if UNXL manages to take out Thursday's intraday high of $7.45 to some more near-term overhead resistance just above $7.75 with high volume.

Traders should now look for long-biased trades in UNXL as long as it's trending above some near-term support at $7.05 or above its 50-day at $6.53 and then once it sustains a move or close above $7.45 to $7.75 with volume that hits near or above 537,631 shares. If that move gets started soon, then UNXL will set up to re-test or possibly take out its next major overhead resistance levels at around $8.50 to $9.30.

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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