3 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.

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.

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.

Zix

Zix (ZIXI) provides email encryption, data loss prevention and Bring-Your-Own-Device solutions to the health care, financial services, insurance and government sectors in the U.S. This stock closed up 2.5% to $3.62 in Tuesday's trading session.

Tuesday's Range: $9.11-$9.63
52-Week Range: $6.51-$18.18
Tuesday's Volume: 514,000
Three-Month Average Volume: 359,514

From a technical perspective, ZIXI jumped notably higher here right above some near-term support at $3.39 and above its 50-day moving average of $3.35 with above-average volume. This move to the upside on Tuesday briefly pushed shares of ZIXI into breakout territory, since the stock flirted with some key overhead resistance levels at $3.62 to $3.63. Shares of ZIXI tagged an intraday high of $3.66, before it closed just below that level $3.62. Market players should now look for a continuation move to the upside in the near-term if ZIXI manages to take out Tuesday's intraday high of $3.66 with strong volume.

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