6 Stocks Under $10 Making Big Moves Higher

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 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.

Tonix Pharmaceuticals

  • Thursday's Range: $2.27-$2.37
  • 52-Week Range: $1.85-$10.72
  • Thursday's Volume: 150,000
  • Three-Month Average Volume: 171,244

Tonix Pharmaceuticals  (TNXP)  engages in developing medicines for common disorders of the central nervous system. This stock closed up 2.6% to $2.33 in Thursday's trading session.

From a technical perspective, Tonix Pharmaceuticals spiked modestly higher on Thursday with lighter-than-average volume. This stock has been downtrending badly over the last three months, with shares collapsing sharply lower off its high of $7.95 a share to its new 52-week low of $1.85 a share. During that downtrend, shares of Tonix Pharmaceuticals have been making mostly lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound sharply off that $1.85 low with decent upside volume flows. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Thursday's intraday high of $2.37 a share with high volume.

Traders should now look for long-biased trades in Tonix Pharmaceuticals long as it's trending above some near-term support at $2.20 a share and then once it sustains a move or close above Thursday's intraday high of $2.37 a share volume that hits near or above 171,244 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 50-day moving average of $2.49 to its 20-day moving average of $2.55, or even $2.70 to $2.90 a share. Any high-volume move above $2.92 to $3 a share will then give this stock a chance to re-fill some of its previous gap-down-day zone from February that started at $4.09 a share.

IDI

  • Thursday's Range: $5.33-$5.68
  • 52-Week Range: $3.78-$12.80
  • Thursday's Volume: 165,000
  • Three-Month Average Volume: 90,105

IDI  (IDI)  provides data and analytical solutions in the U.S. This stock traded up 7.3% to $5.68 in Thursday's trading session.

From a technical perspective, IDI ripped sharply higher on Thursday right off its 20-day moving average of $5.32 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing shares of IDI within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at Thursday's intraday high of $5.68 a share and then above more near-term resistance at $5.92 a share with high volume.

Traders should now look for long-biased trades in IDI as long as it's trending above its 50-day moving average of $5.27 a share or above more near-term support at $5 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 90,105 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 $6.30 to its 200-day moving average of $6.45, or even $7 to $7.50 a share.

Bellerophon Therapeutics

  • Thursday's Range: $1.21-$1.32
  • 52-Week Range: $1.20-$9.72
  • Thursday's Volume: 14,000
  • Three-Month Average Volume: 20,403

Bellerophon Therapeutics  (BLPH) , a clinical-stage therapeutics company, focuses on the development of products at the intersection of drugs and devices that address unmet medical needs in the treatment of cardiopulmonary diseases. This stock traded up 4.1% to $1.26 in Thursday's trading session.

From a technical perspective, Bellerophon Therapeutics spiked sharply higher on Thursday right off its new 52-week low of $1.20 a share with lighter-than-average volume. This stock has been downtrending badly over the last two months, with shares moving sharply lower off its high of $3.24 a share to its new 52-week low of $1.20 a share. During that downtrend, shares of Bellerophon Therapeutics have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound off that $1.20 low and off extremely oversold levels, since its current relative strength index reading is 22.8. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Thursday's intraday high of $1.32 a share to some near-term resistance around $1.40 a share with high volume.

Traders should now look for long-biased trades in Bellerophon Therapeutics as long as it's trending above its new 52-week low of $1.20 a share and then once it sustains a move or close above $1.32 to $1.40 a share with volume that hits near or above 20,403 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 $1.50 to $1.65, or even $1.70 to just over $1.80 a share.

Weatherford International

  • Thursday's Range: $5.52-$5.85
  • 52-Week Range: $4.95-$14.90
  • Thursday's Volume: 23.32 million
  • Three-Month Average Volume: 19.71 million

Weatherford International  (WFT)  operates as a multinational oilfield service company worldwide. This stock traded up 3.7% to $5.82 in Thursday's trading session.

From a technical perspective, Weatherford International spiked notably higher on Thursday right off some near-term support at $5.50 a share with strong upside volume flows. This stock recently gapped-down sharply lower from over $8 a share to around $5.50 a share with heavy downside volume flows. Following that move, this stock has now started to rebound off its recent low of $5.21 a share, and it's now quickly moving within range of triggering a big breakout trade. That trade will trigger if this stock manages to take out some near-term resistance levels at $5.88 to $6 a share with high volume.

Traders should now look for long-biased trades in Weatherford International as long as it's trending above some near-term support at $5.50 a share or above that recent low of $5.21 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 19.71 million shares. If that breakout triggers soon, then this stock will set up to re-test or possibly take out its next major overhead resistances levels at $6.50 to just below $7 a share.

Truett-Hurst

  • Thursday's Range: $1.38-$1.67
  • 52-Week Range: $0.20-$4.50
  • Thursday's Volume: 102,209
  • Three-Month Average Volume: 29,323

Truett-Hurst  (THST)  produces, markets and sells wines primarily in the U.S. This stock traded up 11.4% to $1.56 in Thursday's trading session.

From a technical perspective, Truett-Hurst ripped sharply higher on Thursday back above both its 200-day moving average of $1.43 a share and its 50-day moving average of $1.51 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing shares of Truett-Hurst 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 resistance levels at $1.67 to $1.75 a share and then above more key resistance levels at $1.80 to $1.93 a share with high volume.

Traders should now look for long-biased trades in Truett-Hurst as long as it's trending above some key near-term support levels at $1.32 or at $1.20 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 29,323 shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out is next major overhead resistance level at $2.70 a share.

Adesto Technologies

  • Thursday's Range: $3.56-$3.84
  • 52-Week Range: $2.82-$8.50
  • Thursday's Volume: 40,000
  • Three-Month Average Volume: 54,203

Adesto Technologies  (IOTS)  provides application-specific and ultra-low power non-volatile memory products in the U.S., the rest of Americas, the European Union, the Asia Pacific and internationally. This stock traded up 6.9% to $3.70 in Thursday's trading session.

From a technical perspective, Adesto Technologies spiked sharply higher on Thursday right off some near-term support at $3.50 a share with lighter-than-average volume. This stock has been downtrending badly over the last two months, with shares falling sharply lower off its high of $5.79 a share to its new 52-week low of $2.82 a share. During that downtrend, this stock has been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of Adesto Technologies have now started to rebound sharply off that $2.82 low with strong upside volume flows. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Thursday's intraday high of $3.84 a share with strong upside volume flows.

Traders should now look for long-biased trades in Adesto Technologies as long as it's trending above some near-term support levels at $3.50 or around $3.40 a share and then once it sustains a move or close above Thursday's intraday high of $3.84 a share with volume that hits near or above 54,203 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 $4.40 to $4.50, or even $5 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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