DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down 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.
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 technical indicators 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.
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Tecogen
Tecogen (TGEN) designs, manufactures, sells and services systems that produce electricity, hot water and air conditioning for commercial installations and buildings as well as industrial processes. This stock closed up 5.6% to $6.21 in Tuesday's trading session
Tuesday's Range: $5.95-$6.40
52-Week Range: $4.97-$31.31
Tuesday's Volume: 15,000
Three-Month Average Volume: 20,452
From a technical perspective, TGEN spiked sharply higher here right above some near-term support at $5.83 with lighter-than-average volume. This jump to the upside on Tuesday is quickly pushing shares of TGEN within range of triggering a major breakout trade. That trade will hit if TGEN manages to take out some key overhead resistance levels at $6.27 to $6.59 and then above some past resistance levels at $6.60 to $6.89 with high volume.
Traders should now look for long-biased trades in TGEN as long as it's trending above its 50-day at $5.72 and then once it sustains a move or close above those breakout levels with volume that hits near or above 20,452 shares. If that breakout hits soon, then TGEN will set up to re-test or possibly take out its next major overhead resistance levels at $8.40 to around $9.
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Xcerra
Xcerra (XCRA) designs, manufactures, markets and services automated test equipment for the mobility, industrial, medical, automotive and consumer end markets. This stock closed up 3.1% to $8.50 in Tuesday's trading session.
Tuesday's Range: $8.24-$8.51
52-Week Range: $6.02-$10.95
Tuesday's Volume: 302,000
Three-Month Average Volume: 447,565
From a technical perspective, XCRA spiked notably higher here right above some near-term support at $8.17 with lighter-than-average volume. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $7.46 to its recent high of $8.60. During that uptrend, shares of XCRA have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of XCRA within range of triggering a big breakout trade. That trade will hit if XCRA manages to take out some near-term overhead resistance levels at $8.60 to around $8.75 with high volume.
Traders should now look for long-biased trades in XCRA as long as it's trending above some near-term support at $8.17 or above more support at $8 and then once it sustains a move or close above those breakout levels with volume that hits near or above 447,565 shares. If that breakout gets set off soon, then XCRA will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $9.31 to its 50-day moving average of $9.53, or even $10.
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Sanchez Production Partners
Sanchez Production Partners (SPP) focuses on the exploration, development and production of oil and natural gas properties, as well as midstream assets in the U.S. This stock closed up 4% to $2.60 in Tuesday's trading session.
Tuesday's Range: $2.46-$2.61
52-Week Range: $2.06-$4.23
Tuesday's Volume: 274,000
Three-Month Average Volume: 169,868
From a technical perspective, SPP ripped higher here right above some near-term support at $2.42 with above-average volume. This stock recently came out of a nasty downtrend, that took shares lower from its high if August of $4.23 to its recent low of $2.21. Shares of SPP held its 52-week low at $2.06 and this stock has now started to rebound higher off that recent $2.21 low. This spike higher on Tuesday is now quickly pushing shares of SPP within range of triggering a near-term breakout trade. That trade will hit if SPP manages to take out some key near-term overhead resistance levels at $2.65 to its 200-day moving average of $2.71 with high volume.
Traders should now look for long-biased trades in SPP as long as it's trending above some near-term support at $2.42 or above that recent low of $2.21 then once it sustains a move or close above those breakout levels with volume that hits near or above 169,868 shares. If that breakout starts soon, then SPP will set up to re-test or possibly take out its next major overhead resistance levels at $3 to its 50-day moving average of $3.31, or even $3.80.
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The Female Health Company
The Female Health Company (FHCO) manufactures, markets and distributes consumer health care products. This stock closed up 6.6% to $4.50 in Tuesday's trading session.
Tuesday's Range: $4.19-$4.54
52-Week Range: $4.19-$10.13
Tuesday's Volume: 170,000
Three-Month Average Volume: 113,465
From a technical perspective, FHCO ripped sharply higher here right above some near-term support at around $4.01 with above-average volume. This rip to the upside on Tuesday is now quickly pushing shares of FHCO within range of triggering a big breakout trade. That trade will hit if FHCO manages to take out Tuesday's intraday high of $4.54 to some more near-term overhead resistance at $4.70 with high volume.
Traders should now look for long-biased trades in FHCO as long as it's trending above some key near-term support levels at $4.01 or above its 200-day at $3.90 and then once it sustains a move or close above those breakout levels with volume that hits near or above 113,465 shares. If that breakout develops soon, then FHCO will set up to re-test or possibly take out its next major overhead resistance levels at $5.50 to its 200-day moving average of $5.68.
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Covisint
Covisint (COVS) provides a cloud engagement platform in the U.S. and internationally. This stock closed up 4.6% to $3.16 in Tuesday's trading session.
Tuesday's Range: $2.90-$3.17
52-Week Range: $2.06-$13.85
Tuesday's Volume: 261,000
Three-Month Average Volume: 167,428
From a technical perspective, COVS spiked sharply higher here with above-average volume. This trend to the upside on Tuesday is now quickly pushing shares of COVS within range of triggering a big breakout trade. That trade will hit if COVS manages to take out Tuesday's intraday high of $3.17 to some more near-term overhead resistance at $3.30 with high volume.
Traders should now look for long-biased trades in COVS as long as it's trending above Tuesday's intraday low of $2.90 and then once it sustains a move or close above those breakout levels with volume that hits near or above 167,428 shares. If that breakout materializes soon, then COVS will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $4.15 to $4.37, or even $5.
To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
CNBC.com and Forbes.com.You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
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