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.

Traders should now look for long-biased trades in REXX as long as it's trending above its new 52-week low of $2.47 and then once it sustains a move or close above some near-term overhead resistance levels at $3 to $3.25 with volume that hits near or above 3.26 million shares. If that move gets underway soon, then REXX will set up to re-test or possibly take out its next major overhead resistance levels at $4 to around $4.50.

Corinthian Colleges

Corinthian Colleges (COCO) operates as a post-secondary education company. This stock is trading up 7% to 7 cents per share in Friday's trading session.

Friday's Range: $0.06-$0.07
52-Week Range: $0.06-$1.66
Friday's Volume: 511,000
Three-Month Average Volume: 1.72 million

From a technical perspective, COCO is ripping higher here off some near-term support at 6 cents per share with strong upside volume flows. This stock recently formed a double bottom chart pattern at 6 cents per share. That bottom has started to develop after shares of COCO slide sharply lower off its last October high of 27 cents per share. This spike to the upside on Friday is now starting to push shares of COCO within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will hit if COCO manages to take out some key near-term overhead resistance levels at 8 cents per share to its 50-day moving average of 9 cents per share with high volume.

Traders should now look for long-biased trades in COCO as long as it’s trending above those double bottom support levels at 6 cents per share and then once it takes out those breakout levels with volume that registers near or above 1.72 million shares. If that breakout triggers soon, then COCO will set up to re-test or possibly take out its next major overhead resistance levels at 10 to 12 cents per share, or even 13 to 14 cents per share.

TherapeuticsMD

TherapeuticsMD (TXMD) operates as a women's health care product company. This stock is trading up 2.8% to $4.27 in Friday's trading session.

Friday's Range: $4.10-$4.34
52-Week Range: $3.42-$9.01
Friday's Volume: 345,000
Three-Month Average Volume: 925,931

From a technical perspective, TXMD is spiking notably higher here right off its 50-day moving average of $4.06 a share. This stock has been trying to carve out a bottom over the last month, with shares finding buying interest each time it has pulled back to around $4. Shares of TXMD are now starting to spike higher off those support levels and it's beginning to move within range of triggering a near-term breakout trade. That trade will hit if TXMD manages to take out some key near-term overhead resistance levels at its 200-day moving average of $4.49 and then above more resistance levels at $4.58 to $4.74 with high volume.

Traders should now look for long-biased trades in TXMD as long as it's trending above some near-term support at $4 and then once it sustains a move or close above those breakout levels with volume that registers near or above 925,931 shares. If that breakout kicks off soon, then TXMD will set up to re-test or possibly take out its next major overhead resistance levels at $4.95 to $5.20, or even $5.75.

Legacy Reserves 

Legacy Resources (LGCY) owns and operates oil and natural gas properties in the U.S. This stock is trading up 9.9% to $8.99 in Friday's trading session.

Friday's Range: $8.30-$8.99
52-Week Range: $8.06-$32.61
Friday's Volume: 500,000
Three-Month Average Volume: 842,619

From a technical perspective, LGCY is ripping sharply higher here right above its new 52-week low of $8.06 with strong upside volume flows. This stock has been downtrending badly for the last five months, with shares plunging sharply lower from its high of $29.30 to its new 52-week low of $8.06. During that downtrend, shares of LGCY have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of LGCY are now starting to bounce off that $8.06 low and off oversold levels, since its current relative strength index reading is 34. That bounce is now quickly pushing shares of LGCY within range of triggering a near-term breakout trade. That trade will hit if LGCY manages to take out some key near-term overhead resistance levels at $9.25 to $9.38 with high volume.

Traders should now look for long-biased trades in LGCY as long as it's trending above its new 52-week low of $8.06 and then once it sustains a move or close above those breakout levels with volume that hits near or above 842,619 shares. If that breakout develops soon, then LGCY will set up to re-test or possibly take out its next major overhead resistance levels $11.50 to $12.50.

Catalyst Pharmaceutical Partners

Catalyst Pharmaceutical Partners (CPRX) operates as development-stage specialty pharmaceutical company. This stock is trading up 5.9% to $3.06 a share in Friday's trading session.

Friday's Range: $2.90-$3.05
52-Week Range: $1.70-$3.49
Friday's Volume: 1.03 million
Three-Month Average Volume: 475,711

From a technical perspective, CPRX is ripping higher here right off its 50-day moving average of $2.83 with bullish upside volume flows. This stock has been consolidating and trending sideways over the last two months and change, with shares moving between $2.55 on the downside and $3.14 on the upside. This high-volume move higher on Friday is now quickly pushing shares of CPRX within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will hit if CPRX manages to take out some overhead resistance levels at $3.07 to $3.14 with high volume.

Traders should now look for long-biased trades in CPRX as long as it's trending above its 50-day moving average of $2.83 or above more near-term support at $2.71 and then once it sustains a move or close above those breakout levels with volume that hits near or above 475,711 shares. If that breakout materializes soon, then CPRX will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $3.49. Any high-volume move above $3.49 and above more past resistance at $3.65 will then give CPRX a chance to tag $4 to $4.50.

-- 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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