5 Stocks Under $10 Triggering Breakout Trades

 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.

Cytori Therapeutics

Cytori Therapeutics  (CYTX), a biotechnology company, develops cell therapeutics for specific diseases and medical conditions. This stock is trading up 4.5% to 72 cents per share in Thursday's trading session.

Thursday's Range: $0.69-$0.73
52-Week Range: $0.36-$2.54
Thursday's Volume: 2 million
Three-Month Average Volume: 4.20 million

From a technical perspective, CYTX is ripping sharply higher here with decent upside volume flows. This stock recently started to bounce to the upside after shares found some buying interest off a previous support level at around 64 cents per share. That bounce is now quickly pushing shares of CYTX within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if CYTX manages to take out some near-term overhead resistance levels at 75 to around 80 cents per share with high volume.

Traders should now look for long-biased trades in CYTX as long as it's trending above Thursday's intraday low of 68 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.20 million shares. If that breakout hits soon, then CYTX will set up to re-test or possibly take out its next major overhead resistance levels at 90 to 95 cents per share, or even its 50-day moving average of 97 cents per share to $1.10 a share.

Ohr Pharmaceuticals

Ohr Pharmaceuticals  (OHRP), a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular diseases. This stock is trading up 0.7% to $2.78 in Thursday's trading session.

Thursday's Range: $2.72-$2.80
52-Week Range: $2.48-$12.31
Thursday's Volume: 60,000
Three-Month Average Volume: 972,493

From a technical perspective, OHRP is trending modestly higher here right above some key near-term support levels at $2.66 to $2.61 with lighter-than-average volume. This stock has been consolidating and trending inside of a tight trading range for the last two months, with shares moving between $2.48 on the downside and a bit over $3 a share on the upside. That right range has started to get even tighter over the last few weeks, with shares of OHRP bounce between $2.66 and around $2.80 a share. This modest spike to the upside on Thursday is now starting to push shares of OHRP within range of triggering a major breakout trade. That trade will trigger if OHRP manages to take out some key overhead resistance levels at $2.80 to $2.94 and then above $3 04 with high volume.

Traders should now look for long-biased trades in OHRP as long as it's trending above some key near-term support levels at $2.66 to $2.61, or even above $2.48 and then once it sustains a move or close above those breakout levels with volume that hits near or above 972,493 shares. If that breakout triggers soon, then OHRP will set up to re-test or possibly take out its next major overhead resistance level at its gap-down-day high from March at $3.24. Any high-volume move above that level will then give OHRP a chance to re-fill some of that monster gap-down-day zone that started at $9 a share.

Anthera Pharmaceuticals

Anthera Pharmaceuticals  (ANTH), a specialty pharmaceutical company, develops, manufactures, markets and sells branded and generic pharmaceutical products. This stock is trading up 5.7% to $5.40 in Thursday's trading session.

Thursday's Range: $5.01-$5.42
52-Week Range: $1.46-$6.37
Thursday's Volume: 338,000
Three-Month Average Volume: 834,702

From a technical perspective, ANTH is ripping sharply higher here right above some near-term support at $5 a share with decent upside volume flows. This spike to the upside on Thursday has now started to push shares of ANTH into breakout territory, since the stock has cleared some key overhead resistance levels at $5.25 to $5.33 a share. This breakout now sets up ANTH for a continuation move to the upside, if the stock can manage to close strong and over those near-term breakout levels.

Traders should now look for long-biased trades in ANTH as long as it's trending above $5 a share or more preferably over $5.20 and then once it sustains a move or close above Thursday's high of $5.42 with volume that hits near or above 834,702 shares. If that move gets started soon, then ANTH will set up to re-test or possibly take out its next major overhead resistance levels at $6 to its 52-week high of 6.37 a share.

KaloBios Pharmaceuticals

KaloBios Pharmaceuticals  (KBIO), a biopharmaceutical company, develops monoclonal antibody therapeutics for the treatment of cancer in the U.S. This stock is trading up 7.2% to 56 cents per share in Thursday's trading session.

Thursday's Range: $0.50-$0.58
52-Week Range: $0.36-$2.45
Thursday's Volume: 1.13 million
Three-Month Average Volume: 1.16 million

From a technical perspective, KBIO is ripping sharply higher here right off its 50-day moving average of 52 cents per share with strong upside volume flows. This stock recently formed a major bottoming chart pattern, after shares found buying interest a number of times when it pulled back to 48 to around 46 cents per share. This sharp spike to the upside on Thursday is now starting to push shares of KBIO within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if KBIO manages to take out some key overhead resistance levels at 61 to 62 cents per share with high volume.

Traders should now look for long-biased trades in KBIO as long as it's trending above some near-term support at 50 cents per share and then once it sustains a move or close above those breakout levels with volume that registers near or above 1.16 million shares. If that breakout develops soon, then KBIO will set up to re-test or possibly take out its next major overhead resistance levels at 71 to 80 cents per share, or even 93 cents per share.

Mattson Technology

Mattson Technology  (MTSN) designs, manufactures, markets and supports semiconductor wafer processing equipment for use in fabricating integrated circuits worldwide. This stock is trading up 3% to $3.91 in Thursday's trading session.

Thursday's Range: $3.78-$3.94
52-Week Range: $1.93-$5.10
Thursday's Volume: 227,000
Three-Month Average Volume: 942,493

From a technical perspective, MTSN is ripping to the upside here right off its 50-day moving average of $3.73 with lighter-than-average volume. This sharp spike to the upside on Thursday is starting to push shares of MTSN within range of triggering a major breakout trade above some key near-term overhead resistance levels. That breakout will trigger if MTSN manages to take out some key overhead resistance levels at $3.99 to around $4.20 a share with high volume.

Traders should now look for long-biased trades in MTSN as long as it's trending above some key near-term support levels at its 50-day moving average of $3.73 or above more support at $3.68 and then once it sustains a move or close above those breakout levels share with volume that hits near or above 942,493 shares. If that breakout kicks off soon, then MTSN will set up to re-test or possibly take out its next major overhead resistance levels at $4.78 to its 52-week high of $5.10 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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