These 7 Stocks Under $10 Are 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 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.

Ocular Therapeutix

  • Thursday's Range: $5.09-$5.95
  • 52-Week Range: $4.04-$23.50
  • Thursday's Volume: 6.99 million
  • Three-Month Average Volume: 469,305

Ocular Therapeutix  (OCUL) , a biopharmaceutical company, focuses on the development and commercialization of therapies for diseases and conditions of the eye using its proprietary hydrogel platform technology in the U.S. This stock closed up 34% to $5.63 in Thursday's trading session.

From a technical perspective, Ocular Therapeutix gapped-up huge on Thursday back above its 20-day moving average of $4.92 a share and into breakout territory above some near-term overhead resistance levels at $4.53 to $4.85 a share with monster upside volume flows. This high-volume explosion to the upside is now quickly pushing shares of Ocular Therapeutix within range of triggering another significant breakout trade. That trade will trigger if this stock manages to take out Thursday's intraday high of $5.95 a share and then once it clears its 50-day moving average of $6.23 a share with high volume.

Traders should now look for long-biased trades in Ocular Therapeutix as long as it's trending above Thursday's intraday low of $5.09 a share or above its 20-day moving average of $4.92 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 469,305 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 $6.74 to around $7.50 a share. Any high-volume move above $7.50 will then give this stock a chance to re-fill some of its previous gap-down-day zone from June that started at $12.43 a share.

Intelsat

  • Thursday's Range: $2.43-$2.66
  • 52-Week Range: $1.44-$10.28
  • Thursday's Volume: 505,000
  • Three-Month Average Volume: 535,502

Intelsat  (I)  provides satellite communications services worldwide. This stock closed up 6% to $2.64 in Thursday's trading session.

From a technical perspective, Intelsat ripped sharply higher on Thursday back above its 20-day moving average of $2.62 a share with decent upside volume flows. This stock recently formed a double bottom chart pattern, after shares found some buying interest at $2.12 a share. Following that potential bottom, this stock has now started to uptrend and it's quickly trending 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 50-day moving average of $2.75 a share and then once it clears more near-term overhead resistance at $2.77 a share with high volume.

Traders should now look for long-biased trades in Intelsat as long as it's trending above Thursday's intraday low of $2.43 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 535,502 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 $2.97 to $3.10, or even its 200-day moving average of $3.51 a share.

Exco Resources

  • Thursday's Range: $1.23-$1.37
  • 52-Week Range: $0.48-$1.94
  • Thursday's Volume: 2.35 million
  • Three-Month Average Volume: 2.98 million

Exco Resources  (XCO) , an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development and production of onshore oil and natural gas properties with a focus on shale resource plays in the U.S. This stock closed up 8.1% to $1.33 in Thursday's trading session.

From a technical perspective, Exco Resources spiked sharply higher on Thursday right above its 50-day moving average of $1.20 a share and back above its 20-day moving average of $1.30 a share with decent upside volume flows. This bump to the upside is now quickly pushing shares of Exco Resources 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 some near-term overhead resistance levels at $1.40 to $1.42 a share and then above more resistance levels at $1.43 to $1.50 a share with high volume.

Traders should now look for long-biased trades in Exco Resources as long as it's trending above its 50-day moving average of $1.20 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.98 million shares. If that breakout takes hold soon, then this stock will set up to re-fill some of its previous gap-down-day zone from May that started at $1.91 a share.

Gogo

  • Thursday's Range: $8.88-$9.84
  • 52-Week Range: $7.80-$19.61
  • Thursday's Volume: 4.20 million
  • Three-Month Average Volume: 1.66 million

Gogo  (GOGO) , through its subsidiaries, provides communications services to the commercial and business aviation markets in the U.S. and internationally. This stock closed up 15.9% to $9.76 in Thursday's trading session.

From a technical perspective, Gogo gapped-up sharply higher on Thursday right off its 50-day moving average of $8.88 a share with monster upside volume flows. This high-volume rip to the upside also pushed shares of Gogo into breakout territory, since the stock took out some near-term overhead resistance levels at $9 to $9.02 a share. This stock is now quickly trending within range of triggering another big breakout trade. That trade will trigger if this stock manages to take out Thursday's intraday high of $9.84 a share and then once it clears some more near-term resistance at $9.89 a share with high volume.

Traders should now look for long-biased trades in Gogo as long as it's trending above its previous breakout level at $9 a share or above its 50-day moving average of $8.88 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.66 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 $11 to $11.50, or even $11.75 to $12 a share.

Rubicon Project

  • Thursday's Range: $9.25-$9.87
  • 52-Week Range: $9.00-$20.37
  • Thursday's Volume: 2.64 million
  • Three-Month Average Volume: 768,211

Rubicon Project  (RUBI) , a technology company, engages in automating the buying and selling of advertising. This stock closed up 5.3% to $9.69 in Thursday's trading session.

From a technical perspective, Rubicon Project spiked sharply higher on Thursday right above its new 52-week low of $9 a share with strong upside volume flows. This stock recently gapped-down sharply lower from around $14 a share to its new 52-week low of $9 a share with heavy downside volume flows. Following that move, shares of Rubicon Project have now started to rebound off that $9 low, and it broke above Wednesday's high of $9.70 a share. Market players should now look for a continuation move to the upside in the short-term if this stock manages to clear Thursday's intraday high of $9.87 a share with strong volume.

Traders should now look for long-biased trades in Rubicon Project as long as it's trending above Thursday's intraday low of $9.25 a share or above its new 52-week low of $9 a share and then once it sustains a move or close above Thursday's intraday high of $9.87 a share with volume that hits near or above 766,211 shares. If that move gets underway soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started near $14 a share.

Abraxas Petroleum

  • Thursday's Range: $1.22-$1.30
  • 52-Week Range: $0.65-$2.02
  • Thursday's Volume: 2.12 million
  • Three-Month Average Volume: 1.36 million

Abraxas Petroleum  (AXAS) , an independent energy company, engages in the acquisition, exploitation, development and production of oil and gas properties in the U.S. This stock closed up 4.8% to $1.29 in Thursday's trading session.

From a technical perspective, Abraxas Petroleum spiked sharply higher on Thursday right above its 20-day moving average of $1.20 a share with above-average volume. This high-volume spike to the upside is now quickly pushing this stock within range of triggering a big breakout trade above some key overhead resistance levels. That trade will trigger if shares of Abraxas Petroleum manage to take out Thursday's intraday high of $1.30 a share and then above some near-term overhead resistance at $1.31 a share with high volume.

Traders should now look for long-biased trades in Abraxas Petroleum as long as it's trending above its 20-day moving average of $1.20 a share or above its 50-day moving average of $1.17 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.36 million shares. If that breakout materializes soon, then this stock will set up to re-fill some of its previous gap-down-day zone from May that started at $1.45 a share.

Basic Energy Services

  • Thursday's Range: $0.67-$0.82
  • 52-Week Range: $0.61-$7.18
  • Thursday's Volume: 3.36 million
  • Three-Month Average Volume: 1.66 million

Basic Energy Services  (BAS)  provides well site services to oil and natural gas drilling and producing companies in the U.S. This stock closed up 11.3% to 75 cents per share in Thursday's trading session.

From a technical perspective, Basic Energy Services exploded sharply higher on Thursday right above its new 52-week low of 61 cents per share with strong upside volume flows. This stock has been downtrending badly over the last three months, with shares moving lower off its high of $3.25 a share to its new 52-week low of 61 cents per share. During that downtrend, shares of Basic Energy Services 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 61 cents low, and it's quickly trending within range of triggering a big breakout trade. That trade will trigger if this stock manages to clear Thursday's intraday high of 82 cents per share and then once it takes out some more key overhead resistance levels at 90 to 94 cents per share with high volume.

Traders should now look for long-biased trades in Basic Energy Services as long as it's trending above 70 cents per share or above Thursday's intraday low of 67 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.66 million 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 20-day moving average of $1.07 to $1.30, or even $1.44 to its 50-day moving average of $1.52 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.

More from Stocks

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

EBay Stock Tumbles 8.9% to Hit Lowest Level in Nearly 2 Years

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Disney Is One of Jim Cramer's 10 Best Stocks for a Market Pullback

Your Need to Know - Forward Look

Your Need to Know - Forward Look

How E-Mini S&P 500 Revolutionized Equity, Electronic Trading

How E-Mini S&P 500 Revolutionized Equity, Electronic Trading

Secular Payment Shift Offers Enough Opportunity to Go Around for PayPal, Square

Secular Payment Shift Offers Enough Opportunity to Go Around for PayPal, Square