Trade These 7 Stocks Under $10 for Huge 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.

Vascular Biogenics

  • Tuesday's Range: $3.74-$4.06
  • 52-Week Range: $2.76-$12.25
  • Tuesday's Volume: 389,000
  • Three-Month Average Volume: 959,551

Vascular Biogenics  (VBLT) , a clinical-stage biopharmaceutical company, focuses on the discovery, development and commercialization of treatments for cancer and immune-inflammatory diseases in Israel. This stock closed up 4.7% to $4.00 in Tuesday's trading session.

From a technical perspective, Vascular Biogenics spiked sharply higher on Tuesday right off some near-term support at $3.75 a share and back above its 50-day moving average of $4.01 a share with lighter-than-average volume. This move to the upside is now quickly pushing shares of Vascular Biogenics 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 its 20-day moving average of $4.14 a share and then once it clears more near-term resistance levels at $4.25 to its 200-day moving average of $4.37 a share with high volume.

Traders should now look for long-biased trades in Vascular Biogenics as long as it's trending above some key near-term support levels at $3.75 to $3.67 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 959,551 shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4.90 to $5, or even $5.25 to $5.75 a share.

Stemline

  • Tuesday's Range: $7.07-$7.40
  • 52-Week Range: $3.88-$12.77
  • Tuesday's Volume: 142,000
  • Three-Month Average Volume: 106,473

Stemline  (STML) , a clinical stage biopharmaceutical company, focuses on the discovery, acquisition, development and commercialization of proprietary oncology therapeutics in the U.S. This stock closed up 2.2% to $7.33 in Tuesday's trading session.

From a technical perspective, Stemline spiked modestly higher on Tuesday right above its 50-day moving average of $6.97 a share with strong upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher off its low of $6.43 a share to its recent high of $7.51 a share. During that move, this stock has been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of Stemline within range of triggering a near-term breakout trade. That trade will trigger if this stock manages to take out Tuesday's intraday high of $7.40 a share and then above some more near-term overhead resistance at $7.51 a share with high volume.

Traders should now look for long-biased trades in Stemline as long as it's trending above some near-term support at $6.89 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 106,473 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 $8 to $8.25, or even $9 to $9.50 a share.

Calumet Specialty Products Partners

  • Tuesday's Range: $4.50-$4.69
  • 52-Week Range: $3.42-$28.33
  • Tuesday's Volume: 390,000
  • Three-Month Average Volume: 1.04 million

Calumet Specialty Products Partners  (CLMT)  produces and sells specialty hydrocarbon products in North America. This stock closed up 3.5% to $4.66 in Tuesday's trading session.

From a technical perspective, Calumet Specialty Products Partners spiked notably higher on Tuesday right off its 50-day moving average of $4.45 a share with lighter-than-average volume. This stock recently formed a triple bottom chart pattern, after shares found some buying interest at $4.25, $4.36 and $4.44 a share. Following that potential bottom, this stock has now started to trend higher over its 50-day moving average and it's quickly moving within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if shares of Calumet Specialty Products Partners manage to take out some near-term overhead resistance levels at $4.69 to $4.75 a share with high volume.

Traders should now look for long-biased trades in Calumet Specialty Products Partners as long as it's trending above those recent triple bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.04 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 $5.07 to $5.40, or even $5.62 to $5.85 a share.

CVR Refining

  • Tuesday's Range: $5.95-$6.22
  • 52-Week Range: $5.91-$22.74
  • Tuesday's Volume: 889,000
  • Three-Month Average Volume: 677,371

CVR Refining  (CVRR)  operates as an independent petroleum refiner and marketer of transportation fuels in the U.S. This stock closed up 2.6% to $6.16 in Tuesday's trading session.

From a technical perspective, CVR Refining spiked notably higher on Tuesday right off its new 52-week low of $5.91 a share with strong upside volume flows. This stock has been downtrending badly over the last four months and change, with shares collapsing off its high of $13.95 a share to its new 52-week low of $5.91 a share. During that downtrend, shares of CVR Refining have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock is now starting to rebound a bit off oversold territory, since its current relative strength index reading is 24.4. Market players should now look for a continuation move to the upside in the short-term if this stock manages to clear Tuesday's intraday high of $6.22 a share to some near-term resistance at $6.58 a share with high volume.

Traders should now look for long-biased trades in CVR Refining as long as it's trending above its new 52-week low of $5.91 a share and then once it sustains a move or close above $6.22 to $6.58 a share with volume that hits near or above 677,371 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 $7 to its 20-day moving average of $7.20, or even $8 a share.

Photronics

  • Tuesday's Range: $9.21-$9.47
  • 52-Week Range: $7.68-$13.05
  • Tuesday's Volume: 423,000
  • Three-Month Average Volume: 384,246

Photronics  (PLAB) , together with its subsidiaries, manufactures and sells photomasks in the U.S., Taiwan, Korea, Europe and internationally. This stock closed up 1.6% to $9.44 in Tuesday's trading session.

From a technical perspective, Photronics trended modestly higher on Tuesday back above its 50-day moving average of $9.35 a share with above-average volume. This high-volume move to the upside is now quickly pushing shares of Photronics within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out Tuesday's intraday high of $9.47 a share and then once it clears more near-term resistance around $9.80 a share with high volume.

Traders should now look for long-biased trades in Photronics as long as it's trending above Tuesday's intraday low of $9.21 a share or above its 20-day moving average of $9.03 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 384,246 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 its 200-day moving average of $10.40 to $11, or even $11.13 a share.

Mitek Systems

  • Tuesday's Range: $7.97-$8.32
  • 52-Week Range: $2.71-$9.49
  • Tuesday's Volume: 710,000
  • Three-Month Average Volume: 866,676

Mitek Systems  (MITK)  develops, markets and sells mobile capture and identity verification software solutions for enterprise customers in the U.S. This stock closed up 3.6% to $8.30 in Tuesday's trading session.

From a technical perspective, Mitek Systems ripped notably higher on Tuesday right off its 50-day moving average of $7.95 a share with decent upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher off its low of $6.33 a share to its recent high of $8.48 a share. During that uptrend, shares of Mitek Systems have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed this stock 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 $8.32 to $8.50 a share with high volume.

Traders should now look for long-biased trades in Mitek Systems as long as it's trending above its 50-day moving average of $7.95 a share or above more near-term support at $7.71 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 866,676 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 $9 to its 52-week high of $9.49, or even $10 to $10.50 a share.

Fluidigm

  • Tuesday's Range: $9.64-$9.95
  • 52-Week Range: $4.84-$23.33
  • Tuesday's Volume: 97,000
  • Three-Month Average Volume: 179,957

Fluidigm  (FLDM)  creates, manufactures and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics. This stock closed up 1.8% to $9.82 in Tuesday's trading session.

From a technical perspective, Fluidigm spiked modestly higher on Tuesday right off its 50-day moving average of $9.57 a share with lighter-than-average volume. This stock recently formed a double bottom chart pattern, after shares found some buying interest at $8.65 to $8.62 a share. Following that potential bottom, shares of Fluidigm have started to uptrend back above all its key moving averages, and it's now quickly moving 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 $10 to $10.24 a share with high volume.

Traders should now look for long-biased trades in Fluidigm as long as it's trending above its 50-day moving average of $9.57 a share or above its 20-day moving average of $9.44 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 179,957 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 $10.75 to $11.05, or even $11.24 to $11.66 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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