7 Stocks Under $10 Making Big Moves Toward Big Profits

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.

Stocks that are in favor and making large moves is a segment of the market that I tweet about on a regular basis.These are also the exact type of stocks that I love to trade and alert to my subscribers in real-time.

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.

Turquoise Hill Resources

Turquoise Hill Resources  (TRQ) , together with its subsidiaries, operates as a mining company. This stock closed up 5.3% to $2.98 in Friday's trading session.

  • Friday's Range: $2.79-$3.02
  • 52-Week Range: $1.55-$4.74
  • Friday's Volume: 3.76 million
  • Three-Month Average Volume: 2.79 million

From a technical perspective, Turquoise Hill Resources ripped sharply higher on Friday right above its 20-day moving average of $2.74 a share with strong upside volume flows. This stock has been uptrending strong over the last four months, with shares moving higher off its 52-week low of $1.55 a share to its recent high of $3.08 a share. During that uptrend, this stock has been making mostly higher lows and higher highs, which is bullish technical price action. This rip to the upside on Friday is now quickly pushing shares of Turquoise Hill Resources within range of triggering a big breakout trade. That trade will trigger if this stock manages to take out Friday's intraday high of $3.02 a share and then above more key resistance levels at $3.08 to $3.13 a share with high volume.

Traders should now look for long-biased trades in Turquoise Hill Resources long as it's trending its 20-day moving average of $2.74 a share or above its 50-day moving average of $2.63 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.79 million shares. If that breakout fires off soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $3.80, or even $4 a share.

USA Technologies

USA Technologies  (USAT)  provides wireless networking, cashless transactions, asset monitoring and other value-added services principally to the small ticket, unattended point of sale market in the U.S. and internationally. This stock traded up 1.6% to $4.38 in Friday's trading session.

  • Friday's Range: $4.20-$4.39
  • 52-Week Range: $1.70-$4.72
  • Friday's Volume: 697,000
  • Three-Month Average Volume: 319,917

From a technical perspective, USA Technologies spiked sharply higher on Friday right of its 50-day moving average of $4.20 a share and back above its 20-day moving average of $4.36 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing shares of USA Technologies within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $4.42 to $4.49 a share and then above its 52-week high of $4.72 a share with high volume.

Traders should now look for long-biased trades in USA Technologies s as long as it's trending above its 50-day moving average of $4.20 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 319,917 shares. If that breakout fires off soon, then this stock will set up to enter new 52-week-high territory, which is bullish technical price action.

Basic Energy Services

Basic Energy Services  (BAS)  provides well site services to oil and natural gas drilling and producing companies in the U.S. This stock traded up 12.6% to $3.20 in Friday's trading session.

  • Friday's Range: $2.97-$3.25
  • 52-Week Range: $1.52-$10.47
  • Friday's Volume: 3.97 million
  • Three-Month Average Volume: 1.60 million

From a technical perspective, Basic Energy Services ripped sharply higher on Friday and broke out above some near-term overhead resistance at $3 a share with strong upside volume flows. This stock has been uptrending over the last month, with shares moving higher off its low of $2.16 a share to its intraday high on Friday of $3.25 a share. During that move, shares of Basic Energy Services have been making mostly higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move to the upside in the short-term if this stock manages to clear Friday's intraday high of $3.25 a share with strong volume.

Traders should now look for long-biased trades in Basic Energy Services as long as it's trending above Friday's intraday low of $2.97 a share and then once it sustains a move or close above Friday's intraday high of $3.25 a share with volume that hits near or above 1.60 million shares. If that move gets started soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $3.47 to its 200-day moving average of $3.51, or even $3.74 to $4 a share.

Hugoton Royalty Trust

Hugoton Royalty Trust  (HGT)  operates as an express trust in the U.S. This stock traded up 6.2% to $1.71 in Friday's trading session.

  • Friday's Range: $1.60-$1.72
  • 52-Week Range: $0.98-$5.24
  • Friday's Volume: 101,000
  • Three-Month Average Volume: 86,555

From a technical perspective, Hugoton Royalty Trust spiked sharply higher on Friday right above some near-term support at $1.56 a share with slightly above-average volume. This jump to the upside pushed shares of Hugoton Royalty Trust into breakout territory, since the stock closed above some near-term overhead resistance at $1.68 a share. This move is now quickly pushing this stock within range of triggering another breakout trade. That trade will trigger if this stock manages to take out Friday's intraday high of $1.72 a share to some more key resistance at $1.74 a share with high volume.

Traders should now look for long-biased trades in Hugoton Royalty Trust as long as it's trending above some near-term support at $1.56 a share or above its 50-day moving average or $1.50 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 86,555 shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $1.97 to $2.06, or even its 200-day moving average of $2.16 a share.

Carbylan Therapeutics

Carbylan Therapeutics  (CBYL) , a specialty pharmaceutical company, focuses on the development and commercialization of novel and proprietary combination therapies. This stock traded up 4.5% to 73 cents per share in Friday's trading session.

  • Friday's Range: $0.70-$0.74
  • 52-Week Range: $0.52-$9.22
  • Friday's Volume: 679,000
  • Three-Month Average Volume: 667,422

From a technical perspective, Carbylan Therapeutics spiked notably higher on Friday right above its 20-day moving average of 67 cents per share with decent upside volume flows. This relative strength during a market decline is now quickly pushing this stock within range of triggering a near-term breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at 74 to 75 cents per share with high volume.

Traders should now look for long-biased trades in Carbylan Therapeutics as long as it's trending above its 20-day moving average of 67 cents per share or above its 50-day moving average of 65 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 667,422 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 80 to 90 cents, or even $1.30 a share.

Ignyta

Ignyta  (RXDX) , a precision oncology biotechnology company, engages in discovering, in-licensing or acquiring, developing and commercializing molecularly targeted therapies for eradicating residual diseases. This stock traded up 1.9% to $6.92 in Friday's trading session.

  • Friday's Range: $6.35-$7.13
  • 52-Week Range: $5.07-$19.40
  • Friday's Volume: 2.44 million
  • Three-Month Average Volume: 317,621

From a technical perspective, Ignyta trended modestly higher on Friday with monster upside volume flows. This stock briefly trended back above its 50-day moving average of $7.06 a share, before closing just below that level at $6.92 a share. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Friday's intraday high of $7.13 a share to some more key near-term resistance at around $7.35 a share with strong upside volume flows.

Traders should now look for long-biased trades in Ignyta as long as it's trending above some near-term support at $6.50 a share or above Friday's intraday low of $6.35 a share and then once it sustains a move or close above $7.13 to $7.35 a share with volume that hits near or above 317,621 shares. If that move gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 20-day moving average of $7.76 to $8.23, or even $8.50 a share.

Corium International

Corium International  (CORI) , a biopharmaceutical company, focuses on the development, manufacture and commercialization of specialty pharmaceutical products in transdermal and transmucosal delivery systems. This stock traded up 6.9% to $4.48 in Friday's trading session.

  • Friday's Range: $4.08-$4.55
  • 52-Week Range: $3.53-$16.29
  • Friday's Volume: 45,000
  • Three-Month Average Volume: 52,367

From a technical perspective, Corium International ripped sharply higher on Friday back above both its 20-day moving average of $4.38 a share and its 50-day moving average of $4.47 a share with lighter-than-average volume. Market players should now look for a continuation move to the upside in the short-term if shares of Corium International manage to take out Friday's intraday high of $4.55 a share with strong upside volume flows.

Traders should now look for long-biased trades in Corium International as long as it's trending above some key near-term support at $4.02 a share and then once it sustains a move or close above Friday's intraday high of $4.55 a share with volume that registers near or above 52,367 shares. If that move gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4.86 to $5.07, or even $5.25 to $5.50 a share.

Disclosure: 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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