4 Stocks Under $10 Making Big Moves: Virnetx, WidePoint 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.

WidePoint

WidePoint (WYY) provides IT-based products, services and solutions worldwide. This stock is trading up 4.3% to $1.56 in Tuesday's trading session.

Tuesday's Range: $1.48-$1.58
52-Week Range: $0.99-$1.90
Tuesday's Volume: 485,000
Three-Month Average Volume: 336,456

From a technical perspective, WYY is jumping higher here back above its 200-day moving average of $1.53 with strong upside volume flows. This jump to the upside has now pushed shares of WYY into breakout territory, since the stock has taken out some near-term overhead resistance at $1.55. This spike to the upside on Tuesday is now quickly pushing shares of WYY within range of triggering a much bigger breakout trade. That trade will hit if WYY manages to take out some key near-term overhead resistance levels at $1.59 to $1.60 and then above $1.69 to $1.70 with high volume.

Traders should now look for long-biased trades in WYY as long as it's trending above its 50-day moving average of $1.41 or above more near-term support at $1.38 and then once it sustains a move or close above those breakout levels with volume that hits near or above 336,456 shares. If that breakout develops soon, then WYY will set up to re-test or possibly take out its next major overhead resistance level at $1.90. Any high-volume move above that level will then give WYY a chance to tag or take out $2 a share.

Niska Gas Storage Partners

Niska Gas Storage Partners (NKA) owns and operates natural gas storage assets in North America. This stock is trading up 8.3% to $1.82 in Tuesday's trading session.

Tuesday's Range: $1.73-$1.84
52-Week Range: $1.44-$16.43
Tuesday's Volume: 350,000
Three-Month Average Volume: 407,672

From a technical perspective, NKA is ripping sharply higher here right above its new 52-week low of $1.44 with decent upside volume flows. This stock has been downtrending over the last few weeks, with shares dropping sharply lower from its high of $4.40 to that $1.44 low. During that downtrend, shares of NKA have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of NKA have now started to rebound off that $1.44 low and oversold levels with strong upside volume flows. Market players should now look for a continuation move higher in the short-term if NKA can manage to take out some near-term overhead resistance levels at Tuesday's intraday high of $1.84 and then around $2 with high volume.

Traders should now look for long-biased trades in NKA as long as it's trending above Tuesday's intraday low of $1.73 or above more near-term support at $1.50 and then once it sustains a move or close above those breakout levels with volume that registers near or above 407,672 shares. If that move gets started soon, then NKA will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to around $3, or even its 50-day moving average of $3.31.

Harvest Natural Resources

Harvest Natural Resources (HNR) , an independent energy company, is engaged in the acquisition, exploration, development, production and disposition of oil and natural gas properties. This stock is trading up 3.5% to 72 cents per share in Tuesday's trading session.

Tuesday's Range: $0.70-$0.75
52-Week Range: $0.59-$5.35
Tuesday's Volume: 69,000
Three-Month Average Volume: 353,448

From a technical perspective, HNR is trending higher here right above some near-term support at 65 cents per share with lighter-than-average volume. This move to the upside on Tuesday is now quickly pushing shares of HNR within range of triggering a major breakout trade above some key near-term overhead resistance level. That trade will hit if HNR manages to take out some near-term overhead resistance levels at 79 to 80 cents per share with high volume.

Traders should now look for long-biased trades in HNR as long as it's trending above some key near-term support levels at 65 cents per share or above its 52-week low of 59 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 353,558 shares. If that breakout materializes soon, then HNR will set up to re-test or possibly take out its next major overhead resistance levels at 88 cents per share to $1, or even $1.12 a share.

VirnetX

VirnetX (VHC) develops software and technology solutions for securing real-time communications over the Internet. This stock is trading up 3.9% to $5.75 in Tuesday's trading session.

Tuesday's Range: $5.49-$5.77
52-Week Range: $3.80-$25.49
Tuesday's Volume: 164,000
Three-Month Average Volume: 512,306

From a technical perspective, VHC is ripping higher here right above its 50-day moving average of $5.24 with lighter-than-average volume. This spike to the upside on Tuesday has now pushed shares of VHC into breakout territory, since this stock has taken out some near-term overhead resistance at $5.74. This jump to the upside on Tuesday is now quickly pushing shares of VHC within range of triggering an even bigger breakout trade. That trade will hit if VHC manages to take out some near-term overhead resistance at $6.16 with high volume.

Traders should now look for long-biased trades in VHC as long as it's trending above its 50-day moving average of $5.24 or above more near-term support at $5.07 and then once it sustains a move or close above $6.16 with volume that hits near or above 512,306 shares. If that breakout develops soon, then VHC will set up to re-test or possibly take out its next major overhead resistance level at $6.85. Any high-volume move above $6.85 will then give VHC a chance to re-fill some of its previous gap-down-day zone from last September that started at $9.

-- 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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