4 Basic Materials 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.

Seventy Seven Energy

Seventy Seven Energy  (SSE) provides oilfield services in the U.S. This stock is trading up 1% to $6.19 in Tuesday's trading session.

Tuesday's Range: $5.93-$6.19
52-Week Range: $0.02-$27.17
Tuesday's Volume: 628,000
Three-Month Average Volume: 1.23 million

From a technical perspective, SSE is trending modestly higher here right above some near-term support at around $5.70 to $5.60 with decent upside volume flows. This stock has been uptrending very strong for the last three months, with shares moving sharply higher from its low of $2.79 to its recent high of $6.30. During that uptrend, shares of SSE have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SSE within range of triggering a near-term breakout trade. That trade will hit if SSE manages to take out some near-term overhead resistance levels at $6.25 to $6.30 with high volume.

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