4 Stocks Under $10 Making Big Moves

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.

Castlight Health

Castlight Health  (CSLT) provides cloud-based software in the U.S. This stock is trading up 6.6% to $8.96 in Tuesday's trading session.

Tuesday's Range: $8.60-$9.25
52-Week Range: $6.52-$17.90
Tuesday's Volume: 1.31 million
Three-Month Average Volume: 711,342

From a technical perspective, CSLT is ripping sharply higher here and breaking out above some near-term overhead resistance at $8.89 with strong upside volume flows. This large spike to the upside on Tuesday is now starting to push shares of CSLT within range of triggering a much bigger breakout trade. That trade will hit if CSLT manages to take out some key near-term overhead resistance levels at $9.30 to $9.41 and then above more resistance at $9.67 with high volume.

Traders should now look for long-biased trades in CSLT as long as it's trending above Tuesday's intraday low of $8.60 and then once it sustains a move or close above those breakout levels with volume that registers near or above 711,342 shares. If that breakout gets started soon, then CSLT will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $10.24 to $11.20, or even $12 a share.

China Finance Online

China Finance Online (JRJC) provides Web-based financial services in the People's Republic of China and Hong Kong. This stock is trading up 6.3% to $6.04 in Tuesday's trading session.

Tuesday's Range: $5.69-$6.16
52-Week Range: $2.80-$11.88
Tuesday's Volume: 1.33 million
Three-Month Average Volume: 581,627

From a technical perspective, JRJC is ripping higher here despite a weak overall stock market with strong upside volume flows. This high-volume move rip to the upside on Tuesday is now starting to push shares of JRJC within range of triggering a major breakout trade. That trade will hit if JRJC manages to take out some near-term overhead resistance levels at $6.16 to $6.22 and then above more resistance at $6.32 to $6.75 with high volume.

Traders should now look for long-biased trades in JRJC as long as it's trending above Tuesday's intraday low of $5.69 or above its 50-day at $5.34 and then once it sustains a move or close above those breakout levels with volume that hits near or above 581,627 shares. If that breakout hits soon, then JRJC will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $8.65, or even $9.50.

ChinaNet Online

ChinaNet Online  (CNET) through its subsidiaries, provides business-to-businesses Internet technology services in the People's Republic of China. This stock is trading up 1.7% to $1.59 in Tuesday's trading session.

Tuesday's Range: $1.54-$1.65
52-Week Range: $0.61-$4.06
Tuesday's Volume: 332,000
Three-Month Average Volume: 242,636

From a technical perspective, CNET is spiking modestly higher here right above some near-term support at $1.50 with above-average volume. This move has briefly pushed shares of CNET back above both its 50-day moving average at $1.57 and its 200-day moving average of $1.61. This stock has been finding a lot of buyers over the last four months, each time it has pulled back to around $1.50 to $1.40 a share. Market players should now look for a continuation move to the upside in the short-term if CNET manages to take out some key near-term overhead resistance levels at $1.70 to $1.76 with high volume.

Traders should now look for long-biased trades in CNET as long as it's trending above some major support levels at $1.50 to $1.40 and then once it sustains a move or close above $1.70 to $1.76 with volume that registers near or above 242,636 shares. If that move gets set off soon, then CNET will set up to re-test or possibly take out its next major overhead resistance levels at $1.83 to $1.93 a share, or even $2 to $2.30.

Unwired Planet

Unwired Planet  (UPIP), an intellectual property licensing company, develops patents that allow mobile devices to connect to the Internet worldwide. This stock is trading up 16.2% to 71 cents per share in Tuesday's trading session.

Tuesday's Range: $0.64-$0.78
52-Week Range: $0.54-$2.38
Tuesday's Volume: 616,000
Three-Month Average Volume: 220,452

From a technical perspective, UPIP is exploding higher here right off its 50-day moving average of 63 cents per share with strong upside volume flows. This monster move to the upside on Tuesday has briefly pushed shares of UPIP into breakout territory, since the stock has either taken out or flirted with some key near-term overhead resistance levels at 70 to 76 cents per share. This bullish price action is now starting to push shares of UPIP within range of triggering another big breakout trade. That trade will hit if UPIP manages to take out some key near-term overhead resistance levels at 80 to 85 cents per share with high volume.

Traders should now look for long-biased trades in UPIP as long as it's trending above 70 cents or above its 50-day at 63 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 220,452 shares. If that breakout develops soon, then UPIP will set up to re-test or possibly take out its next major overhead resistance levels at $1 to $1.08 a share or even $1.20 a share. Any high-volume move above $1.20 will then give UPIP a chance to re-fill some of its previous gap-down-day zone from last December that started at $1.40.

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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