4 Stocks Under $10 Making Big Moves Higher

 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 4.3% to $5.33 in Thursday's trading session.

Thursday's Range: $5.11-$5.34
52-Week Range: $4.36-$28.13
Thursday's Volume: 44,000
Three-Month Average Volume: 88,363

From a technical perspective, NSLP is bouncing off some near-term support at $5 a share with lighter-than-average volume. This stock has been making higher lows over the last month since its $4.51 low, which demonstrates that buyers are willing to pay up to own the stock into any weakness. Shares of NSLP are now starting to trend within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if NSLP manages to take out some key overhead resistance levels at $5.61 to $5.90 a share and then above its 50-day moving average of $6.01 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 88,363 shares. If that breakout develops soon, then NSLP will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $8 a share.

Hemispherx Biopharma

Hemispherx Biopharma  (HEB), a specialty pharmaceutical company, engages in the clinical development of new drug therapies based on natural immune system enhancing technologies for the treatment of viral and immune based chronic disorders in the U.S. This stock is trading up 3.9% to 26 cents per share in Thursday's trading session.

Thursday's Range: $0.25-$0.26
52-Week Range: $0.21-$0.40
Thursday's Volume: 1.57 million
Three-Month Average Volume: 2.10 million

From a technical perspective, HEB is spiking notably higher here right above some near-term support at its 50-day moving average of 24 cents per share with decent upside volume flows. This stock has been uptrending over the last month, with shares moving higher from its low of 21cents per share to its recent high at 27 cents per share. During that uptrend, shares of HEB have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of HEB within range of triggering a big breakout trade above some key near-term overhead resistance levels. That trade will hit if HEB manages to take out some near-term overhead resistance levels at 27 to just over 28 cents per share with high volume.

Traders should now look for long-biased trades in HEB as long as it's trending above its 50-day moving average of 24 cents per share or above more near-term support at 23 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 2.10 million shares. If that breakout materializes soon, then HEB will set up to re-test or possibly take out its next major overhead resistance levels at 33 cents per share to its 52-week high of 40 cents per share.

ZaZa Energy

ZaZa Energy  (ZAZA), an independent oil and gas company, focuses on the exploration and production of unconventional and conventional oil and gas assets in the U.S. This stock is trading up 6.6% to $1.44 in Thursday's trading session.

Thursday's Range: $1.35-$1.47
52-Week Range: $1.22-$10.60
Thursday's Volume: 56,000
Three-Month Average Volume: 106,629

From a technical perspective, ZAZA is spiking sharply higher here right above some key near-term support levels at $1.39 to $1.35 with lighter-than-average volume. This stock has been attempting to carve out a bottom over the last two months, with shares finding buying interest each time it has pulled back to under $1.40 a share. Shares of ZAZA are now starting to spike higher off those support levels and it's quickly moving within range of triggering a major breakout trade. That breakout will trigger if ZAZA manages to take out some key overhead resistance levels at $1.58 to $1.65 a share and then above $1.70 to $1.76 a share with high volume.

Traders should now look for long-biased trades in ZAZA as long as it's trending above some key near-term support levels at $1.40 or at $1.35 and then once it sustains a move or close above those breakout levels share with volume that hits near or above 106,629 shares. If that breakout triggers soon, then ZAZA will set up to re-test or possibly take out its next major overhead resistance levels at $2.25 to $2.40, or even $2.56 to $2.75.



Goodrich Petroleum

Goodrich Petroleum  (GDP), an independent oil and natural gas company, engages in the exploration, development and production of oil and natural gas. This stock is trading up 1.2% to $3.92 in Thursday's trading session.

Thursday's Range: $3.70-$3.93
52-Week Range: $2.35-$30.52
Thursday's Volume: 981,000
Three-Month Average Volume: 3.69 million

From a technical perspective, GDP is spiking modestly higher here right off its 50-day moving average of $3.67 with lighter-than-average volume. This modest spike to the upside is now starting to push shares of GDP within range of triggering a near-term breakout trade as the stock has started to reverse its recent downtrend. That breakout will hit if GDP manages to take out some near-term overhead resistance at $4 with high volume.

Traders should now look for long-biased trades in GDP as long as it's trending above its 50-day moving average of $3.67 or above more near-term support at $3.60 and then once it sustains a move or close above $4 a share with volume that hits near or above 3.69 million shares. If that breakout begins soon, then GDP will set up to re-test or possibly take out its next major overhead resistance levels at $4.45 to $4.71 a share, or even $5 a share.

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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