These 7 Stocks Under $10 Could Make You a Lot of Money

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.

Denbury Resources

  • Thursday's Range: $3.11-$3.38
  • 52-Week Range: $0.86-$4.80
  • Thursday's Volume: 13.77 million
  • Three-Month Average Volume: 11.31 million

Denbury Resources  (DNR)  operates as an independent oil and natural gas company in the U.S. This stock closed up 10.4% to $3.38 in Thursday's trading session.

From a technical perspective, Denbury Resources ripped sharply higher on Thursday right above its 20-day moving average of $2.96 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 $2.52 a share to its intraday high on Thursday of $3.38 a share. During that uptrend, shares of Denbury Resources 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 m breakout trade. That trade will trigger if this stock manages to take out its 50-day moving average of $3.42 a share with high volume.

Traders should now look for long-biased trades in Denbury Resources as long as it's trending above Thursday's intraday low of $3.11 a share or above its 20-day moving average of $2.96 a share and then once it sustains a move or close above its 50-day moving average of $3.42 a share with volume that registers near or above 11.31 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 $3.74 to $4.06, or even $4.20 to $4.70 a share.

Karyopharm Therapeutics

  • Thursday's Range: $7.21-$7.83
  • 52-Week Range: $4.83-$19.41
  • Thursday's Volume: 431,000
  • Three-Month Average Volume: 178,633

Karyopharm Therapeutics  (KPTI) , a clinical-stage pharmaceutical company, focuses on the discovery, development and commercialization of drugs directed against nuclear transport and related targets for the treatment of cancer and other diseases. This stock closed up 11.4% to $7.79 in Thursday's trading session.

From a technical perspective, Karyopharm Therapeutics ripped sharply higher on Thursday right off its 20-day moving average of $7.12 a share and back above its 50-day moving average of $7.35 a share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing this stock within range of triggering a big 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 $7.90 to $8.18 a share with high volume.

Traders should now look for long-biased trades in Karyopharm Therapeutics as long as it's trending above its 50-day moving average of $7.35 a share or above some more near-term support at $7 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 178,633 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 $8.50 to $9, or even its 200-day moving average of $9.42 a share.

PetroQuest Energy

  • Thursday's Range: $1.95-$2.02
  • 52-Week Range: $1.24-$6.04
  • Thursday's Volume: 126,000
  • Three-Month Average Volume: 134,497

PetroQuest Energy  (PQ)  operates as an independent oil and gas company. This stock closed up 4.2% to $1.98 in Thursday's trading session.

From a technical perspective, PetroQuest Energy spiked notably higher on Thursday with decent upside volume flows. This stock recently formed a double bottom chart pattern, after shares found some buying interest at $1.77 to $1.71 a share over the last three months. Following that potential bottom, shares of PetroQuest Energy have now started to spike higher and move 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 $2.05 to $2.10 a share with high volume.

Traders should now look for long-biased trades in PetroQuest Energy as long as it's trending above some near-term support levels at $1.85 to around $1.80 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 134,497 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 $2.25 to its 20-day moving average of $2.33, or even its 200-day moving average of $2.59 to its 50-day moving average of $2.85 a share.

Catalyst Pharmaceuticals

  • Thursday's Range: $0.79-$0.96
  • 52-Week Range: $0.51-$4.52
  • Thursday's Volume: 1.63 million
  • Three-Month Average Volume: 814,664

Catalyst Pharmaceuticals  (CPRX) , a biopharmaceutical company, focuses on the development and commercialization of therapies for people with rare debilitating diseases. This stock closed up 6.5% to 86 cents per share in Thursday's trading session.

From a technical perspective, Catalyst Pharmaceuticals ripped sharply higher on Thursday right above its 50-day moving average of 76 cents per share with strong upside volume flows. This high-volume rip to the upside is now quickly pushing shares of Catalyst Pharmaceuticals within range of triggering a big breakout trade above some past overhead resistance levels. That trade will trigger if this stock manages to take out some key past resistance levels at 96 to 97 cents per share with high volume.

Traders should now look for long-biased trades in Catalyst Pharmaceuticals as long as it's trending above some near-term support at 80 cents per share or above its 50-day moving average of 76 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 814,664 shares. If that breakout triggers soon, then this stock will set up to re-fill some of its previous gap-down-day zone from April that started near $1.25 a share.

InVivo Therapeutics

  • Thursday's Range: $7.00-$7.65
  • 52-Week Range: $3.50-$11.80
  • Thursday's Volume: 945,000
  • Three-Month Average Volume: 217,955

InVivo Therapeutics  (NVIV) , a research and clinical-stage biomaterials and biotechnology company, focuses on developing and commercializing biopolymer scaffolding devices for the treatment of spinal cord injuries. This stock closed up 9.6% to $7.64 in Thursday's trading session.

From a technical perspective, InVivo Therapeutics spiked sharply higher on Thursday and broke out above some near-term overhead resistance levels at $7 to $7.10 a share with strong upside volume flows. Market players should now look for a continuation move to the upside in the short-term if shares of InVivo Therapeutics manages to take out Thursday's intraday high of $7.65 a share with strong volume.

Traders should now look for long-biased trades in InVivo Therapeutics as long as it's trending above Thursday's intraday low of $7 a share and then once it sustains a move or close above Thursday's intraday high of $7.65 a share with volume that hits near or above 217,955 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 $8.25 to $9.15, or even $10 a share.

Whiting Petroleum

  • Thursday's Range: $8.17-$8.43
  • 52-Week Range: $3.35-$22.80
  • Thursday's Volume: 22.37 million
  • Three-Month Average Volume: 24.53 million

Whiting Petroleum  (WLL) , an independent oil and gas company, engages in the acquisition, exploration, development and production of crude oil, natural gas liquids and natural gas in the Rocky Mountains and Permian Basin regions of the U.S. This stock closed up 4.6% to $8.40 in Thursday's trading session.

From a technical perspective, Whiting Petroleum jumped notably higher on Thursday right above some near-term support at $8 a share with decent upside volume flows. This stock has been uptrending over the last month, with shares moving higher off its low of $6.38 a share to its recent high of $8.55 a share. During that uptrend, shares of Whiting Petroleum have been making mostly higher lows and higher highs, which is bullish technical price action. This bump to the upside on Thursday 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 $8.43 to $8.55 a share and then above its 50-day moving average of $8.97 to $8.98 a share with high volume.

Traders should now look for long-biased trades in Whiting Petroleum as long as it's trending above some near-term support at $8 or at $7.80 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 24.53 million 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 $9.25 to its 200-day moving average of $9.77, or even $9.93 to $11 a share.

Memorial Production Partners

  • Thursday's Range: $1.85-$2.01
  • 52-Week Range: $1.34-$7.69
  • Thursday's Volume: 786,000
  • Three-Month Average Volume: 498,809

Memorial Production Partners  (MEMP)  engages in the acquisition, development, exploitation and production of oil and natural gas properties. This stock closed up 8% to $2.01 in Thursday's trading session.

From a technical perspective, Memorial Production Partners ripped sharply higher on Thursday right above its 50-day moving average of $1.78 a share with strong upside volume flows. This high-volume bump to the upside is now quickly pushing shares of Memorial Production Partners 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 Thursday's intraday high of $2.01 a share and then once it clears more near-term resistance at $2.08 a share with high volume.

Traders should now look for long-biased trades in Memorial Production Partners as long as it's trending above Thursday's intraday low of $1.85 a share or above its 50-day moving average of $1.78 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 498,809 shares. If that breakout materializes 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 $2.27 to $2.34, or even $2.60 to $2.70 a share.

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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