5 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.

Adept Technology

Adept Technology (ADEP) designs, manufactures and sells industrial and mobile robots for the semiconductor, packaging, electronics, automotive/industrial, logistics/warehouse, food, and flexible manufacturing markets worldwide. This stock closed up 2.6% to $8.15 in Thursday's trading session.

Thursday's Range: $7.97-$8.37
52-Week Range: $6.53-$21.90
Thursday's Volume: 117,000
Three-Month Average Volume: 248,143

From a technical perspective, ADEP trended notably higher here right off its 50-day moving average of $7.83 with lighter-than-average volume. This stock recently formed a double bottom chart pattern at $7.32 to $7.26. Following that bottom, shares of ADEP have started to uptrend with the stock recapturing its 50-day moving average. That move has now pushed shares of ADEP within range of triggering a major breakout trade. That trade will hit if ADEP manages to take out some key near-term overhead resistance levels at $8.59 to its gap-down-day high from August at $9.22 with high volume.

Traders should now look for long-biased trades in ADEP as long as it's trending above some key near-term support at $7.82 and then once it sustains a move or close above those breakout levels with volume that hits near or above 248,143 shares. If that breakout develops soon, then ADEP will set up to re-fill some of its previous gap-down-day zone that started at $11.88.

FormFactor

FormFactor (FORM) designs, develops, manufactures, sells and supports semiconductor wafer probe card products and solutions worldwide. This stock closed up 2.9% to $7.27 in Thursday's trading session.

Thursday's Range: $6.89-$7.28
52-Week Range: $4.99-$8.50
Thursday's Volume: 262,000
Three-Month Average Volume: 242,392

From a technical perspective, FORM spiked notably higher here right off its 200-day moving average of $6.87 with decent upside volume flows. This stock has been finding buying interest over the last month, since each time its pulled back to just below $7 buyers have stepped in. Shares of FORM are now starting to spike higher off those support levels and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if FORM manages to take out its 50-day moving average of $7.51 to some more near-term overhead resistance levels at $7.65 to $8 with high volume.

Traders should now look for long-biased trades in FORM as long as it's trending above its 200-day at $6.87 and then once it sustains a move or close above those breakout levels with volume that hits near or above 242,392 shares. If that breakout kicks off soon, then FORM will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $8.50.

Silver Spring Networks

Silver Spring Networks (SSNI) provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. This stock closed up 3.6% to $9.48 a share in Thursday's trading session.

Thursday's Range: $9.13-$9.51
52-Week Range: $8.90-$23.61
Thursday's Volume: 263,000
Three-Month Average Volume: 279,598

From a technical perspective, SSNI spiked notably higher here right off some near-term support at $9.10 with decent upside volume flows. This stock recently dropped sharply from its September high of $12.63 to its new 52-week low of $8.90. During that downtrend, shares of SSNI have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of SSNI have now started to spike higher right above its 52-week low and it's quickly moving within range of triggering a big breakout trade. That trade will hit if SSNI manages to take out some key near-term overhead resistance levels at $9.71 to its 50-day moving average of $10.13 with high volume.

Traders should now look for long-biased trades in SSNI as long as it's trending above some key near-term support levels at $9.10 or above its 52-week high of $8.90 and then once it sustains a move or close above those breakout levels with volume that hits near or above 279,598 shares. If that breakout materializes soon, then SSNI will set up to re-test or possibly take out its next major overhead resistance levels at $12 to $12.63.

Glu Mobile

Glu Mobile (GLUU) develops and publishes a portfolio of action/adventure and casual games for the smartphones and tablet devices users. This stock closed up 3.5% to $5.26 a share in Thursday's trading session.

Thursday's Range: $5.05-$5.33
52-Week Range: $2.50-$7.60
Thursday's Volume: 9.60 million
Three-Month Average Volume: 8.64 million

From a technical perspective, GLUU spiked notably higher here right above some near-term support at $4.90 with above-average volume. This stock has formed a major bottoming chart pattern over the last month and change, with shares finding buying interest each time it has pulled back to just below $5. Shares of GLUU are now starting to spike higher off those support levels and it's quickly moving within range of triggering a major breakout trade. That trade will hit if GLUU manages to take out some key near-term overhead resistance levels at $5.54 to $5.65 with high volume.

Traders should now look for long-biased trades in GLUU as long as it's trending above its 200-day moving average of $4.70 and then once it sustains a move or close above those breakout levels with volume that hits near or above 8.64 million shares. If that breakout develops soon, then GLUU will set up to re-test or possibly take out its next major overhead resistance level at its gap-down-day high from September at $6.10. Any high-volume move above $6.10 will then give GLUU a chance to re-fill some of its previous gap-down-day zone that started near $7.

Ariad Pharmaceuticals

Ariad Pharmaceuticals (ARIA) , an oncology company, is engaged in the discovery, development and commercialization of medicines for cancer patients. This stock closed up 10.8% to $5.85 a share in Thursday's trading session.

Thursday's Range: $5.62-$5.96
52-Week Range: $2.15-$19.18
Thursday's Volume: 19.90 million
Three-Month Average Volume: 7.19 million

From a technical perspective, ARIA gapped sharply higher here back above its 50-day moving average of $5.74 with monster upside volume flows. This large move to the upside on Thursday also briefly pushed shares of ARIA into breakout territory, since the stock flirted with some near-term overhead resistance at $5.90. Shares of ARIA tagged an intraday high of $5.96, before it closed just below that level at $5.85. Market players should now look for a continuation move to the upside in the short-term if ARIA manages to take out Thursday's intraday high of $5.96 to some more near-term overhead resistance at $6.15 with high volume.

Traders should now look for long-biased trades in ARIA as long as it's trending above Thursday's intraday low of $5.62 and then once it sustains a move or close above $5.95 t0 $6.15 with volume that hits near or above 7.19 million shares. If that move develops soon, then ARIA will set up to re-test or possibly take out its next major overhead resistance levels at $6.65 to its 200-day moving average of $6.78, or even $7.06 to $7.30.

-- 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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