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.
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With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside today.
MiMedx Group
MiMedx Group (MDXG) is an integrated developer, manufacturer and marketer of patent protected regenerative biomaterial products and allografts processed from human amniotic membrane. This stock closed up 5.8% to $5.84 in Tuesday's trading session.
Tuesday's Range: $5.50-$5.98
52-Week Range: $1.81-$7.73
Tuesday's Volume: 928,000
Three-Month Average Volume: 494,935
From a technical perspective, MDXG ripped sharply higher here right off its 200-day moving average of $5.66 with strong upside volume. This move pushed shares of MDXG into breakout territory, since the stock took out some near-term overhead resistance at $5.76. Shares of MDXG are now quickly moving within range of triggering another big breakout trade. That trade will hit if MDXG manages to take out Tuesday's high of $5.98 to more resistance at $5.99 with high volume.
Traders should now look for long-biased trades in MDXG as long as it's trending above some key near-term support at $5.24 or above its 50-day at $4.92, and then once it sustains a move or close above those breakout levels with volume that's near or above 494,935 shares. If that breakout hits soon, then MDXG will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to $6.75.
Superconductor Technologies
Superconductor Technologies (SCON) develops high-temperature superconductor materials and related technologies. This stock closed up 7.4% to $2.02 in Tuesday's trading session.
Tuesday's Range: $1.79-$2.12
52-Week Range: $1.42-$6.72
Tuesday's Volume: 1.08 million
Three-Month Average Volume: 417,158
From a technical perspective, SCON ripped sharply higher here right above its 50-day moving average of $1.75 with heavy upside volume. This move is quickly pushing shares of SCON within range of triggering a near-term breakout trade. That trade will hit if SCON manages to take out Tuesday's high of $2.12 to some more key resistance levels at $2.21 to $2.35 with high volume.
Traders should now look for long-biased trades in SCON as long as it's trending above its 50-day at $1.75 and then once it sustains a move or close above those breakout levels with volume that hits near or above 417,158 shares. If that breakout hits soon, then SCON will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $2.62 to $2.85. Any high-volume move above those levels will then give SCON a chance to tag $3.25 to $3.50.
Prosensa Holding
Prosensa Holding (RNA) is engaged in the discovery and development of RNA-modulating therapeutics for the treatment of rare genetic disorders. This stock closed up 8.3% to $3.90 in Tuesday's trading session.
Tuesday's Range: $3.60-$4.08
52-Week Range: $3.43-$34.55
Tuesday's Volume: 229,000
Three-Month Average Volume: 633,977
From a technical perspective, RNA ripped sharply higher here right above some near-term support at $3.46 to $3.43 with lighter-than-average volume. This move is quickly pushing shares of RNA within range of triggering a near-term breakout trade. That trade will hit if RNA can manage to take out Tuesday's high of $4.08 to some more near-term overhead resistance at $4.10 with high volume.
Traders should now look for long-biased trades in RNA as long as it's trending above $3.46 or above its 52-week low of $3.43 and then once it sustains a move or close above those breakout levels with volume that hits near or above 633,977 shares. If that breakout hits soon, then RNA will set up to re-test or possibly take out its next major overhead resistance levels at $4.63 to $4.85. Any high-volume move above those levels will then give RNA a chance to tag $5.50 to $6.
To see more stocks that are making notable moves higher today, 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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