4 Stocks Under $10 Making Big Moves 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.

American DG Energy

American DG Energy (ADGE) owns, operates, maintains and distributes on-site energy systems that produce electricity, hot water, heat and cooling at customers' facilities in the U.S. and the U.K. This stock closed up 11.1% to $1.10 in Thursday's trading session.

Thursday's Range: $1.00-$1.14
52-Week Range: $0.92-$2.59
Thursday's Volume: 152,000
Three-Month Average Volume: 107,398

From a technical perspective, ADGE soared higher here right above its new 52-week low of 92 cents per share with above-average volume. This stock has been downtrending badly for the last five months, with shares moving lower from its high near $2.60 to that low of 92 cents per share. During that downtrend, shares of ADGE have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of ADGE have no started to spike higher off that 92 cents low with decent upside volume flows. Market players should now look for a continuation move to the upside in the short-term if ADGE manages to clear Thursday's intraday high of $1.14 with high volume.

Traders should now look for long-biased trades in ADGE as long as it’s trending above Thursday's intraday low of $1 or above its 52-week low of 92 cents per share and then once it sustains a move or close above $1.14 with volume that hits near or above 107,398 shares. If that move starts soon, then ADGE will set up to re-test or possibly take out its next major overhead resistance levels at $1.26 to its 50-day moving average of $1.28, or $1.31 to $1.40. Any high-volume move above $1.40 will then give ADGE a chance to re-fill some of its previous gap-down-day zone from August that started near $1.70.

InterCloud Systems

InterCloud Systems (ICLD) provides single-source end-to end information technology and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the U.S. This stock closed up 10.6% to $4.57 in Thursday's trading session.

Thursday's Range: $4.03-$4.64
52-Week Range: $2.20-$19.39
Thursday's Volume: 442,000
Three-Month Average Volume: 408,106

From a technical perspective, ICLD exploded sharply higher here right above some near-term support at $3.83 with above-average volume. This stock has been downtrending badly for the last four months, with shares lower from its high of $7.89 to its recent low of $3.83. During that downtrend, shares of ICLD have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of ICLD could now be looking to form a trend reversal since this stock spike large on Thursday during a very weak overall market.

Traders should now look for long-biased trades in ICLD as long as it's trending above Thursday's intraday low of $4.03 or above more near-term support at $3.83 and then once it sustains a move or close above Thursday's intraday high of $4.64 with volume that hits near or above 408,106 shares. If that move starts soon, then ICLD will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $5.08 to $5.71.

FormFactor

FormFactor (FORM) designs, develops, manufactures, sells and supports semiconductor wafer probe card products and solutions worldwide. This stock closed up 2.5% to $7.36 in Thursday's trading session.

Thursday's Range: $7.01-$7.41
52-Week Range: $4.99-$8.50
Thursday's Volume: 404,000
Three-Month Average Volume: 237,950

From a technical perspective, FORM jumped higher here right above some near-term support at $7 and above its 200-day moving average of $6.83 with above-average volume. This move to the upside on Thursday also pushed shares of FORM back above its 50-day moving average of $7.29. Market players should now look for a continuation move to the upside in the short-term if FORM manages to take out Thursday's intraday high of $7.41 with strong upside volume flows.

Traders should now look for long-biased trades in FORM as long as it's trending above some near-term support at $7 or above its 200-day at $6.83 and then once it sustains a move or close above $7.41 with volume that hits near or above 237,950 shares. If that move starts soon, then FORM will set up to re-test or possibly take out its next major overhead resistance levels at $7.85 to $8, or even its 52-week high at $8.50.

China XD Plastics

China XD Plastics (CXDC) , a specialty chemical company, through its subsidiaries, is engaged in the research, development, manufacture and sale of modified and engineering plastics products primarily for use in the fabrication of automobile parts and components in the People's Republic of China. This stock closed up 5.3% to $6.14 a share in Thursday's trading session.

Thursday's Range: $5.66-$6.39
52-Week Range: $4.29-$13.24
Thursday's Volume: 276,000
Three-Month Average Volume: 394,338

From a technical perspective, CXDC ripped higher here with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $5.26 to $5.25. Following that bottom, shares of CXDC started to uptrend and it recently broke out above some near-term overhead resistance at $5.63. Shares of CXDC briefly trended back above its 50-day moving average of $6.16 on Thursday, before it closed just below that level at $6.14. Market players should now look for a continuation move to the upside in the short-term if CXDC manages to take out its 200-day moving average of $6.42 to some more near-term overhead resistance just above $6.75 with high volume.

Traders should now look for long-biased trades in CXDC as long as it's trending above Thursday's intraday low of $5.66 or above $5.50 and then once it sustains a move or close above $6.42 to $6.75 with volume that hits near or above 394,338 shares. If that move gets underway soon, then CXDC will set up to re-test or possibly take out its next major overhead resistance levels at $7.64 to $7.82.

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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