3 Breakout Stocks Under $10 for Your Trading Radar

DELAFIELD, Wis. (Stockpickr) – As part of a daily routine as an active trader or investor, one should always be tracking the stocks in the market that are making the biggest percentage gains and the biggest percentage losses.

Stocks that are making large moves to the upside 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.

New Source Energy Partners 

New Source Energy Partners  (NSLP) acquires, owns, develops and produces oil and natural gas properties in the U.S. This stock is trading up 5.6% to $5.47 in Thursday's trading session.

Thursday's Range: $5.26-$5.50
52-Week Range: $4.36-$28.13
Thursday's Volume: 36,000
Three-Month Average Volume: 88,216

From a technical perspective, NSLP is spiking sharply higher here right above some near-term support at $4.92 with lighter-than-average volume. This stock has been consolidating and trending sideways over the last month and change, with shares moving between $4.36 on the downside and $5.90 on the upside. Shares of NSLP are now starting to spike higher and move within range of triggering a big breakout trade above the upper-end of its recent sideways trending chart pattern. That trade will hit if NSLP manages to take out some key overhead resistance levels at $5.61 to $5.90 with high volume.

Traders should now look for long-biased trades in NSLP as long as it's trending above some near-term support at $4.92 and then once it sustains a move or close above those breakout levels with volume that registers near or above 88.216 shares. If that breakout begins soon, then NSLP will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $6.35 to around $7 a share.

Neostem

Neostem  (NBS), a clinical-stage biopharmaceutical company, develops cell-based therapeutics in the U.S. This stock is trading up 4.8% to $3.02 in Thursday's trading session.

Thursday's Range: $2.88-$3.04
52-Week Range: $2.34-$7.23
Thursday's Volume: 199,000
Three-Month Average Volume: 341,345

From a technical perspective, NBS is spiking higher here right above some near-term support at $2.70 with lighter-than-average volume. This jump to the upside on Thursday is starting to push shares of NBS within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will hit if NBS manages to take out some near-term overhead resistance levels at $3.07 to $3.14 with high volume.

Traders should now look for long-biased trades in NBS as long as it's trending above Thursday's intraday low of $2.88 or above more near-term support at $2.70 and then once it sustains a move or close above those breakout levels with volume that registers near or above 341,345 shares. If that breakout develops soon, then NBS will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $3.39 to $4 a share.

Mid-Con Energy Partners LP

Mid-Con Energy Partners LP  (MCEP) acquires, explores, develops and produces oil and natural gas properties in North America. This stock is trading up 1.7% to $6.24 in Thursday's trading session.

Thursday's Range: $6.15-$6.29
52-Week Range: $4.25-$24.39
Thursday's Volume: 92,000
Three-Month Average Volume: 216,626

From a technical perspective, MCEP is trending slightly higher here right above its 50-day moving average of $5.88 with lighter-than-average volume. This stock is now starting to trend within range of triggering a major breakout trade. That breakout will hit if MCEP manages to take out some key overhead resistance levels at $6.38 to $6.60 with high volume.

Traders should now look for long-biased trades in MCEP as long as it's trending above its 50-day at $5.88 and then once it sustains a move or close above those breakout levels share with volume that hits near or above 216,626 shares. If that breakout triggers soon, then MCEP will set up to re-test or possibly take out its next major overhead resistance levels at $7.07 to $7.45.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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