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.

Camtek

Camtek (CAMT) , together with its subsidiaries, designs, develops, manufactures and markets automatic optical inspection systems and related products. This stock closed up 9.5% to $4.13 in Thursday's trading session.

Thursday's Range: $3.86-$4.25
52-Week Range: $1.60-$6.43
Thursday's Volume: 2.01 million
Three-Month Average Volume: 824,581

From a technical perspective, CAMT gapped explosively higher here and broke out above some near-term overhead resistance at $3.94 with heavy upside volume flows. This large rip to the upside on Thursday is now quickly pushing shares of CAMT within range of triggering another big breakout trade. That trade will hit if CAMT manages to take out Thursday's intraday high of $4.25 to some more near-term overhead resistance at $4.35 with high volume.

Traders should now look for long-biased trades in CAMT as long as it's trending above Thursday's intraday low of $3.86 or above its 50-day at $3.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 824,581 shares. If that breakout triggers soon, then CAMT will set up to re-test or possibly take out its next major overhead resistance levels at near $4.80 to $5.14, or even $5.84.

Himax Technologies

Himax Technologies (HIMX) , a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. This stock closed up 0.65% to $7.76 in Thursday's trading session.

Thursday's Range: $7.65-$7.78
52-Week Range: $5.70-$16.15
Thursday's Volume: 2.40 million
Three-Month Average Volume: 5.36 million

From a technical perspective, HIMX trended modestly higher here with lighter-than-average volume. This stock has been trending sideways and consolidating for the last few weeks, with shares moving between $7.30 on the downside and $7.94 on the upside. Shares of HIMX are now slowly moving within range of triggering a big breakout trade above the upper end of its recent sideways trading chart pattern. That trade will hit if HIMX manages to take out some key overhead resistance levels at $7.94 to $8 with high volume.

Traders should now look for long-biased trades in HIMX as long as it's trending above $7.30 or above $7.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.36 million shares. If that breakout kicks off soon, then HIMX will set up to re-test or possibly take out its next major overhead resistance levels at $8.77 to $9.05, or even its 200-day moving average of $9.73.

Dehaier Medical Systems

Dehaier Medical Systems (DHRM) develops and distributes medical devices, and sleep respiratory and oxygen therapy products in the People's Republic of China. This stock closed up 2.6% to $5.45 in Thursday's trading session.

Thursday's Range: $5.33-$5.47
52-Week Range: $1.85-$12.89
Thursday's Volume: 41,000
Three-Month Average Volume: 110,145

From a technical perspective, DHRM jumped notably higher here right above some near-term support at $5.24 and closed right below its 50-day moving average of $5.48 with lighter-than-average volume. This move is starting to push shares of DRHM within range of triggering a big breakout trade. That trade will hit if DHRM manages to take out some near-term overhead resistance levels at $5.69 to $5.90 and then above around $6 with high volume.

Traders should now look for long-biased trades in DHRM as long as it’s trending above some key near-term support levels at $5.24 or at $5.07 to $5.02 and then once it sustains a move or close above those breakout levels with volume that hits near or above 110,145 shares. If that breakout hits soon, then DHRM will set up to re-test or possibly take out its next major overhead resistance levels at $7.08 to $7.15, or even $7.50 to $8.

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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