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.

ReachLocal

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.

Perseon

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.

MagnaChip Semiconductor

MagnaChip Semiconductor  (MX), together with its subsidiaries, designs and manufactures analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of things applications worldwide. This stock is trading up 3.4% to $7.60 in Thursday's trading session.

Thursday's Range: $7.35-$7.61
52-Week Range: $4.89-$15.72
Thursday's Volume: 368,000
Three-Month Average Volume: 465,917

From a technical perspective, MX is ripping higher here and displaying relative strength versus the overall market weakness with decent upside volume flows. This sharp spike to the upside for MX has now started to push this stock within range of triggering a major breakout trade above some key overhead resistance levels. That trade will hit if MX manages to take out some key overhead resistance levels at $7.55 to its gap-down-day high from February at $8.09 share with high volume.

Traders should now look for long-biased trades in MX as long as it's trending above some near-term support at $6.91 and then once it sustains a move or close above those breakout levels with volume that registers near or above 465,917 shares. If that breakout develops soon, then MX will set up to re-fill some of its previous gap-down-day zone from February that started at $16 a share.

InspireMD

InspireMD  (NSPR), a medical device company, focuses on the development and commercialization of proprietary MicroNet stent platform technology for the treatment of complex coronary and vascular diseases. This stock is trading up 4.2% to 25 cents per share in Thursday's trading session.

Thursday's Range: $0.23-$0.25
52-Week Range: $0.19-$3.25
Thursday's Volume: 164,000
Three-Month Average Volume: 1.31 million

From a technical perspective, NSPR is trending higher here right off its 20-day moving average of 23 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 19 cents per share to its recent high of 25 cents per share. That move has now pushed shares of NSPR within range of triggering a big breakout trade above some key near-term overhead resistance levels. That breakout will trigger if NSPR manages to take out some near-term overhead resistance levels at 25 cents to its 50-day moving average of 27 cents per share with high volume.

Traders should now look for long-biased trades in NSPR as long as it's trending above its 20-day at 23 cents or above more near-term support at 22 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.31 million shares. If that breakout triggers soon, then NSPR will set up to re-test or possibly take out its next major overhead resistance levels at 30 to 35 cents per share, or even 38 cents per

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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