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.

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.

Himax Technologies

Himax Technologies (HIMX), a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. This stock closed up 6.6% to $6.99 in Thursday's trading session.

Thursday's Range: $6.73-$7.05
52-Week Range: $5.57-$16.15
Thursday's Volume: 11.71 million
Three-Month Average Volume: 5.48 million

From a technical perspective, HIMX gapped up sharply higher here and broke out above some near-term overhead resistance levels at $6.80 to $6.89 with strong upside volume flows. Market players should now look for a continuation move to the upside in the short-term if HIMX manages to clear Thursday's intraday high of $7.05 with high volume.

Traders should now look for long-biased trades in HIMX as long as it's trending above Thursday's intraday low of $6.73 or above some more near-term support at $6.40 and then once it sustains a move or close above $7.05 with volume that hits near or above 5.48 million shares. If that breakout triggers 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.

OncoGenex Pharmaceuticals

OncoGenex Pharmaceuticals (OGXI), a biopharmaceutical company, develops and commercializes therapies that address treatment resistance in cancer patients. This stock closed up 8.2% to $3.16 in Thursday's trading session.

Thursday's Range: $3.05-$3.36
52-Week Range: $2.86-$14.25
Thursday's Volume: 544,000
Three-Month Average Volume: 223,003

From a technical perspective, OGXI gapped up sharply higher here with strong upside volume flows. This move briefly pushed shares of OGXI into breakout territory, since the stock flirted with some near-term overhead resistance at $3.20. Shares of OGXI tagged an intraday high of $3.36, before closing just below that level at $3.16. Market players should now look for a continuation move to the upside in the short-term if OGXI manages to take out its 50-day moving average of $3.37 with high volume.

Traders should now look for long-biased trades in OGXI as long as it's trending above Thursday's intraday low of $3.05 and then once it sustains a move or close above $3.37 with volume that hits near or above 223,003 shares. If that move gets underway soon, then OGXI will set up to re-test or possibly take out its next major overhead resistance levels at $3.84 to $4, or even $4.33.

TherapeuticsMD

TherapeuticsMD (TXMD) operates as a women's health care product company. The company manufactures and distributes branded and generic prescription prenatal vitamins, as well as over-the-counter vitamins and cosmetics. This stock closed up 4.8% to $4.98 in Thursday's trading session.

Thursday's Range: $4.81-$5.09
52-Week Range: $2.03-$9.01
Thursday's Volume: 2.13 million
Three-Month Average Volume: 1.81 million

From a technical perspective, TXMD gapped up sharply higher here with strong upside volume flows. This stock has been uptrending for the last month, with shares moving higher from its low of $4.04 to its recent high of $5.23 a share. During that uptrend, shares of TXMD have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of TXMD within range of triggering a near-term breakout trade. That trade will hit if TXMD manages to take out its 200-day moving average of $5.09 to some more near-term overhead resistance at $5.23 with high volume.

Traders should now look for long-biased trades in TXMD as long as it’s trending above Thursday's intraday low of $4.81 or above its 50-day at $4.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.81 million shares. If that breakout materializes soon, then TXMD will set up to re-test or possibly take out its next major overhead resistance levels at $5.80 to $6, or even $6.50.

TetraLogic Pharmaceuticals

TetraLogic Pharmaceuticals (TLOG) operates as a clinical-stage biopharmaceutical company in the U.S. This stock closed up 4.8% to $4.76 in Thursday's trading session.

Thursday's Range: $4.27-$5.05
52-Week Range: $3.84-$14.75
Thursday's Volume: 77,000
Three-Month Average Volume: 79,803

From a technical perspective, TLOG ripped sharply higher here with decent upside volume. This strong spike to the upside on Thursday is quickly pushing shares of TLOG within range of triggering a near-term breakout trade. That trade will hit if TLOG manages to take out its 50-day moving average of $5.08 to some more near-term overhead resistance at $5.29 with high volume.

Traders should now look for long-biased trades in TLOG as long as it's trending above$4.50 or above Thursday's intraday low of $4.27 and then once it sustains a move or close above those breakout levels with volume that hits near or above 79,803 shares. If that breakout hits soon, then TLOG will set up to re-test or possibly take out its next major overhead resistance levels at $6.22 to $6.50, or even $7.

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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