3 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.

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.

Town Sports International

Town Sports International (CLUB) , together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the U.S. This stock closed up 0.82% to $6.14 in Tuesday's trading session.

Tuesday's Range: $6.02-$6.20
52-Week Range: $4.01-$14.96
Tuesday's Volume: 158,000
Three-Month Average Volume: 320,252

From a technical perspective, CLUB trended modestly higher here right above some near-term support at $6 with lighter-than-average volume. This stock has been uptrending very strong for the last month and change, with shares moving higher from its low of $4.01 to its intraday high of $6.20. During that uptrend, shares of CLUB have been consistently making higher lows and higher highs, which is bullish technical price action. That move has also helped CLUB fill a gap from back in late July.

Traders should now look for long-biased trades in CLUB as long as it's trending above some near-term support at $6 or above its 50-day moving average of $5.55 and then once it sustains a move or close above Tuesday's intraday high of $6.20 with volume that hits near or above 320,252 shares. If that move gets started soon, then CLUB will set up to re-test or possibly take out its next major overhead resistance levels at $6.69 to $7.19. Any high-volume move above $7.19 will then give CLUB a chance to tag its next major overhead resistance levels at $8 to $8.30.

Skystar Bio Pharmaceutical

Skystar Bio Pharmaceutical (SKBI) researches, develops, produces, markets and sells veterinary health care and medical care products in the People's Republic of China. This stock closed up 2.8% to $5.76 in Tuesday's trading session.

Tuesday's Range: $5.62-$5.92
52-Week Range: $2.94-$8.22
Tuesday's Volume: 320,000
Three-Month Average Volume: 36,673

From a technical perspective, SKBI jumped notably higher here back above its 50-day moving average of $5.72 with strong upside volume flows. This move to the upside on Tuesday also pushed shares of SKBI into breakout territory, since the stock took out some near-term overhead resistance levels at $5.74 to $5.75. Market players should now look for a continuation move to the upside in the short-term if SKBI manages to take out Tuesday's intraday high of $5.92 with high volume.

Traders should now look for long-biased trades in SKBI as long as it’s trending above some near-term support levels at $5.45 or above its 200-day at $5.32 and then once it sustains a move or close above $5.92 with volume that hits near or above 36,673 shares. If that move gets underway soon, then SKBI will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to around $7.25.

Recro Pharma

Recro Pharma (REPH) , a clinical stage specialty pharmaceutical company, is engaged in the development of various non-opioid therapeutics for the treatment of pain and related conditions in the U.S. This stock closed up 6.6% to $3.36 in Tuesday's trading session.

Tuesday's Range: $3.17-$3.41
52-Week Range: $2.88-$9.88
Tuesday's Volume: 102,000
Three-Month Average Volume: 60,144

From a technical perspective, REPH spiked sharply higher here right above some near-term support at $3 with above-average volume. This stock recently gapped down sharply lower from over $5.50 to $2.88 with monster downside volume. Following that move, shares of REPH have started to rebound higher off that $2.88 low and its trending back into that gap-down-day zone that started at $5.50. Market players should now look for a continuation move to the upside in the short-term if REPH manages to take out Tuesday's intraday high of $3.41 with high volume.

Traders should now look for long-biased trades in REPH as long as it's trending above Tuesday's intraday low of $3.17 or above more near-term support at $3 and then once it sustains a move or close above $3.41 with volume that hits near or above 60,144 shares. If that move begins soon, then REPH will set up to re-fill some more of its previous gap-down-day zone that started just above $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.

RELATED LINKS:

 

 

 

Follow Stockpickr on Twitter and become a fan on Facebook.

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.

More from Investing

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Why The FANG Stocks' Dominance May Not Be So Bad For The Market

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

Danica Patrick's Final Race at 2018 Indianapolis 500: What She Thinks About Cars

At End of May, Investors Signalling They May Stay Away

At End of May, Investors Signalling They May Stay Away

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever