4 Stocks Rising on Unusual Volume to Trade for Breakouts

DELAFIELD, Wis. (Stockpickr) -- As part of your daily routine as an active trader or investor, it's important to track 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 who want to capture some of that massive volatility. Stocks that are making big-percentage moves 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.

Halcon Resources

HK Price Chart HK Price data by YCharts

Halcon Resources  (HK), an independent energy company, is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the U.S. This stock traded up 10% to $1.32 in Tuesday's trading session following an S&P credit ratings upgrade.

Tuesday's Range: $1.20-$1.32
52-Week Range: $1.01-$7.50
Tuesday's Volume: 9.63 million
Three-Month Average Volume: 5.67 million

From a technical perspective, Halcon Resources ripped sharply higher on Tuesday right off its 20-day moving average of $1.20 a share with heavy upside volume flows. This strong volume move higher is now starting to push shares of Halcon Resources within range of triggering a major breakout trade. That trade will trigger if this stock manages to take out some key near-term overhead resistance levels at its 50-day moving average of $1.34 and then once it clears more near-term resistance levels at $1.37 to $1.38 with high volume.

Traders should now look for long-biased trades in Halcon Resources as long as it's trending above its 20-day moving average of $1.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.67 million shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $1.60 to $1.80, or even $2 a share.

Cytosorbents

CTSO Price Chart CTSO Price data by YCharts

Cytosorbents  (CTSO), a critical care focused immunotherapy company, engages in the research, development, and commercialization of medical devices with its platform blood purification technology incorporating a proprietary adsorbent polymer technology. This stock traded up 7.7% to $6.55 in Tuesday's trading session.

Tuesday's Range: $5.88-$6.75
52-Week Range: $4.40-$15.24
Tuesdays Volume: 200,000
Three-Month Average Volume: 297,641

From a technical perspective, Cytosorbents ripped to the upside on Tuesday and broke out above some previous overhead resistance at $6.50 with decent upside volume flows. This strong move higher is now quickly pushing shares of Cytosorbents within range of triggering a much bigger breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out Tuesday's intraday high of $6.75 and then once it clears more key resistance at $6.80 with high volume.

Traders should now look for long-biased trades in Cytosorbents as long as it's trending above its 20-day moving average of $6.17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 297,641 shares. If that breakout kicks off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $7.58 to $8 a share, or even $8.20 to $8.30 a share.

BioDelivery Sciences

BDSI Price Chart BDSI Price data by YCharts

BioDelivery Sciences  (BDSI), a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products principally in the areas of pain management and addiction. This stock traded up 3.4% to $8.75 in Tuesday's trading session.

Tuesday's Range: $8.44-$8.80
52-Week Range: $7.28-$18.48
Tuesday's Volume: 728,000
Three-Month Average Volume: 1.33 million

From a technical perspective, BioDelivery Sciences spiked to the upside on Tuesday right off its 50-day moving average of $8.46 with lighter-than-average volume. This stock has put in a series of higher lows over the last two months, as shares of BioDelivery Sciences have trended higher from its low of $7.28 to its intraday high on Tuesday of $8.80 a share. That move has now started to quickly pushing this stock within range of triggering a big near-term breakout trade. That breakout will hit if this stock manages to take out some key near-term overhead resistance levels at $8.80 to $8.95 with high volume.

Traders should now look for long-biased trades in BioDelivery Sciences as long as it's trending above its 50-day at $8.46 or above its 20-day at $8.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.33 million shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $9.50 to $10 a share, or even $10.50 a share.

Solazyme

SZYM Price Chart SZYM Price data by YCharts

Solazyme  (SZYM) manufactures and sells renewable oils and other bioproducts. Its proprietary technology transforms a range of plant-based sugars into triglyceride oils and other bioproducts. This stock traded up 2.3% to $3.48 share in Tuesday's trading session.

Tuesday's Range: $3.37-$3.49
52-Week Range: $2.00-$12.34
Tuesday's Volume: 499,000
Three-Month Average Volume: 839,780

From a technical perspective, Solazyme jumped to the upside on Tuesday right above some near-term support at its 20-day moving average of $3.28 with lighter-than-average volume. This spike higher out of its recent consolidation zone is now starting to push shares of Solazyme within range of triggering a near-term breakout trade. That trade will hit if this stock manages to take out some key near-term overhead resistance levels at its 50-day moving average of $3.48 and then above more near-term overhead resistance at $3.75 to its 200-day at $3.87 with high volume.

Traders should now look for long-biased trades in Solazyme as long as it's trending above its 20-day at $3.28 or above more near-term support at $3.12 and then once it sustains a move or close above those breakout levels with volume that registers near or above 839,780 shares. If that breakout gets started soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4.34 to $4.74.

Must Read: 8 Stocks Warren Buffett Is Selling in 2015

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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