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.
Sunesis Pharmaceuticals (SNSS) , a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. This stock is trading up 2% to $2.45 in Thursday's trading session.
Thursday's Range: $2.39-$2.49
52-Week Range: $1.00-$8.46
Thursday's Volume: 269,000
Three-Month Average Volume: 1.44 million
From a technical perspective, SNSS is starting to trend higher here back above its 50-day moving average of $2.44 with lighter-than-average volume. This spike to the upside on Thursday is quickly pushing shares of SNSS within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if SNSS manages to take out some key near-term overhead resistance levels at $2.50 to $2.53 and then above $2.60 with high volume.