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.
ReachLocal (RLOC) provides a suite of online marketing and reporting solutions to small and medium-sized businesses. This stock is trading up 4.8% to $4.81 in Thursday's trading session.
Thursday's Range: $2.88-$3.08
52-Week Range: $2.64-$7.65
Thursday's Volume: 41,000
Three-Month Average Volume: 67,513
From a technical perspective, RLOC is ripping sharply higher here right above its 50-day moving average of $2.85 with decent upside volume flows. This spike higher on Thursday has now pushed shares of RLOC into breakout territory, since the stock has taken out or flirted with some near-term overhead resistance levels at $2.98 to $3.07 a share. Market players should now look for a continuation move to the upside in the short-term if RLOC manages to take out Thursday's intraday high of $3.08 with strong volume.
Traders should now look for long-biased trades in RLOC as long as it's trending above that first breakout level at $2.98 or above its 50-day at $2.85 and then once it sustains a move or close above $3.08 with volume that hits near or above 67,513 shares. If that breakout kicks off soon, then RLOC will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $3.54, or even $3.90.
Person (PRSN), a life sciences company, develops, manufactures, markets, and services medical systems to treat cancer and benign diseases using heat therapy. This stock is trading up 4.6% to 33 cents per share in Thursday's trading session.
Thursday's Range: $0.31-$0.33
52-Week Range: $0.19-$1.19
Thursday's Volume: 7,000
Three-Month Average Volume: 164,641
From a technical perspective, PRSN is spiking notably higher here right off its 20-day moving average of 31 cents per share with lighter-than-average volume. This stock has been uptrending a bit over the last few weeks, with shares moving higher from its low of 28 cents to its recent high of 35 cents per share. That uptrend has now pushed shares of PRSN within range of triggering a near-term breakout above some key overhead resistance levels. That trade will hit if PRSN manages to take out some key near-term overhead resistance levels at its 50-day moving average of 34 cents to more resistance at 35 cents per share with high volume.
Traders should now look for long-biased trades in PRSN as long as it's trending above some near-term support at 30 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 164,641 shares. If that breakout triggers soon, then PRSN will set up to re-test or possibly take out its next major overhead resistance levels at 40 to 41 cents per share, or even 45 to 50 cents per share.