5 Stocks Under $10 Making Big Moves: Rex Energy, Corinthian Colleges and More

 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 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.

Rex Energy

Rex Energy (REXX) operates as an independent oil and gas exploration and production company in the Appalachian and Illinois basins in the U.S. This stock is trading up 3.8% to $2.93 in Friday's trading session.

Friday's Range: $2.77-$2.95
52-Week Range: $2.47-$22.00
Friday's Volume: 717,000
Three-Month Average Volume: 3.26 million

From a technical perspective, REXX is spiking higher here right above its new 52-week low of $2.47 a share. This stock has been downtrending badly over the last five months, with shares moving lower from its high of $15.50 to its new 52-week low of $2.47. During that downtrend, shares of REXX have been making mostly lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of REXX into oversold territory, since its current relative strength index is 31. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.

If you liked this article you might like

Shares of Distressed Rex Energy Jump with Asset Sale

Rex Energy (REXX) Is Today's Strong On High Volume Stock

Here’s Why Rex Energy (REXX) Stock is Plunging Today

Rex Energy (REXX) Flagged As Strong On High Volume

Weak On High Volume: Rex Energy (REXX)