4 Under-$10 Stocks 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.

XOMA

XOMA (XOMA) discovers and develops antibody-based therapeutics in the U.S., Europe, and the Asia Pacific. This stock closed up 3.8% to $4.32 in Thursday's trading session.

Thursday's Range: $4.17-$4.34
52-Week Range: $3.42-$9.57
Thursday's Volume: 1.05 million
Three-Month Average Volume: 1.40 million

From a technical perspective, XOMA jumped higher here right above some near-term support at $4 with decent upside volume flows. This push to the upside on Thursday is quickly pushing shares of XOMA within range of triggering near-term breakout trade. That trade will hit if XOMA manages to take out some near-term overhead resistance at $4.35 with high volume.

Traders should now look for long-biased trades in XOMA as long as it's trending above some near-term support at $4 and then once it sustains a move or close above $4.35 with volume that hits near or above 1.40 million shares. If that breakout hits soon, then XOMA will set up to re-test or possibly take out its next major overhead resistance levels at $4.95 to $5.03, or even its 200-day moving average of $5.37.

Novatel Wireless

Novatel Wireless (NVTL) provides wireless broadband access solutions for the mobile communications market worldwide. This stock closed up 4.1% to $2.01 in Thursday's trading session.

Thursday's Range: $1.90-$2.02
52-Week Range: $1.51-$3.55
Thursday's Volume: 279,000
Three-Month Average Volume: 147,319

From a technical perspective, NVTL ripped higher here right above its 50-day moving average of $1.88 with above-average volume. This strong spike to the upside on Thursday is quickly pushing shares of NVTL within range of triggering a near-term breakout trade. That trade will hit if NVTL manages to take out some near-term overhead resistance levels at $2.10 to $2.11 with high volume.

Traders should now look for long-biased trades in NVTL as long as it's trending above its 50-day at $1.88 or above more near-term support at $1.74 and then once it sustains a move or close above those breakout levels with volume that hits near or above 147,319 shares. If that breakout triggers soon, then NVTL will set up to re-test or possibly take out its next major overhead resistance levels at $2.18 to $2.30. Any high-volume move above those levels will then give NVTL a chance to re-fill some of its previous gap-down-day zone from March that started at $2.85.

Athersys

Athersys (ATHX), a biotechnology company, focuses on the research and development activities in the field of regenerative medicine. This stock closed up 2.5% to $1.59 in Thursday's trading session.

Thursday's Range: $1.53-$1.59
52-Week Range: $1.08-$4.33
Thursday's Volume: 128,000
Three-Month Average Volume: 416,142

From a technical perspective, ATHX bounced notably higher here right above some near-term support levels at $1.53 to $1.49 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last two months, with shares moving between $1.49 on the downside and $1.99 on the upside. This spike higher on Thursday is starting to push shares of ATHX within range of triggering a near-term breakout trade. That trade will hit if ATHX manages to take out Thursday's intraday high of $1.59 to its 50-day moving average of $1.65 with high volume.

Traders should now look for long-biased trades in ATHX as long as it’s trending above some key near-term support at $1.49 and then once it sustains a move or close above those breakout levels with volume that hits near or above 416,142 shares. If that breakout kicks off soon, then ATHX will set up to re-test or possibly take out its next major overhead resistance levels at $1.70 to $1.73, or even $1.78. Any high-volume move above $1.78 will then give ATHX a chance to re-test or possibly take out the upper-end of its recent range at $1.99.

Amyris

Amyris (AMRS), a renewable products company, provides various alternatives to a range of petroleum-sourced products for the specialty chemical and transportation fuel markets worldwide. This stock closed up 3.3% to $4.02 in Thursday's trading session.

Thursday's Range: $3.86-$4.04
52-Week Range: $2.17-$6.11
Thursday's Volume: 357,000
Three-Month Average Volume: 202,839

From a technical perspective, AMRS spiked higher here and broke out above some near-term overhead resistance at $3.97 with above-average volume. This stock has been uptrending for the last three months and change, with shares moving higher from its low of $2.75 to its recent high of $4.19. During that move, shares of AMRS have been making mostly higher lows and higher highs, which is bullish technical price action. This spike higher on Thursday is now starting to push shares of AMRS within range of triggering a big breakout trade. That trade will hit if AMRS manages to take out Thursday's intraday high of $4.04 and then once it clears more near-term overhead resistance at $4.19 with high volume.

Traders should now look for long-biased trades in AMRS as long as it's trending above its 50-day at $3.73 or its 200-day at $3.64 and then once it sustains a move or close above those breakout levels with volume that hits near or above 202,839 shares. If that gets underway soon, then AMRS will set up to re-test or possibly take out its next major overhead resistance levels at $4.88 to $5.25, or even $5.50.

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.

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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