Stock Quotes in this Article: EDSGSSPSUNGPL
WINDERMERE, Fla. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are thebiggest percentage gainers and the biggest percentage losers.
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 upgrade.
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 today.
Pacific Sunwear California
Pacific Sunwear California (PSUN) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. This stock is trading up 3.5% to $1.48 in recent trading.
Today’s Range: $1.39-$1.58
52-Week Range: $1.11-$3.16
Volume: 400,000
Three-Month Average Volume: 497,794
From a technical perspective, PSUN is moving notably higher here as the stock starts to challenge both its 50-day moving average at $1.49 and its 200-day moving average at $1.58. At last check, PSUN has hit an intraday high of $1.59 and volume is tracking in right below its three-month average action of 497,794 shares.
Traders should now look for long-biased trades if PSUN can manage to move or close back above both its 50-day and 200-day, and then break out above some near-term overhead resistance at $1.65 with heavy volume. Look for volume on that move that’s near or above 497,794 shares. If we get that action soon, look for PSUN to tag $1.82 or possibly trend above $2.
Golden Star ResourcesHeader Image 3
Golden Star Resources (GSS) is an international gold mining and exploration company producing gold in Ghana, West Africa. This stock is trading up 11.3% at $1.18 in recent trading.
Today’s Range: $1.07-$1.19
52-Week Range: $0.90-$3.12
Volume: 2.6 million
Three-Month Average Volume: 2.5 million
From a technical perspective, GSS is skyrocketing today on above-average volume. This move has started to push GSS into breakout territory since the stock is taking out some near-term overhead resistance at $1.11 a share.
Traders should continue to look for long-biased trades as long as GSS is trending above $1.11 with strong upside volume flows. I would consider any upside volume day that registers near or above 2,515,870 shares as bullish. If we continue to see GSS holding its trend over $1.11, then this stock has a great chance of hitting $1.40 or even its 50-day moving average of $1.49 in the near future. If GSS were then to take out $1.64 with volume it could tag its 200-day at $1.87.
Great Panther Silver           
Great Panther Silver (GPL) is a silver mining and exploration company. Great Panther Silver’s activities are focused on the mining of precious and base metals from its wholly owned properties in Mexico. In addition, Great Panther is also pursuing acquisition opportunities throughout Latin America to add a third mine to its portfolio of properties. This stock is trading up 7.8% to $1.92 in recent trading.
Today’s Range: $1.73-$1.94
52-Week Range: $1.51-$4.09
Volume: 648,000
Three-Month Average Volume: 705,897
From a technical perspective, GPL is soaring here off some previous support around $1.72 with decent volume. This move is quickly pushing GPL within range of triggering a major breakout trade. That trade will hit once GPL takes out its 50-day moving average of $2.00, and then moves above some near-term overhead resistance at $2.05 with high volume.
Traders should now look for long-biased trades in GPL if it can sustain a move or close above those levels with volume that’s near or above 705,897 shares. If we get that action soon, then this stock will have a great chance of hitting $2.30 to its 200-day moving average of $2.40. Keep in mind, that those targets will only have a chance of getting hit if GPL is maintaining a trend above its 50-day with strong upside volume flows.
Exceed
Exceed (EDS) designs, develops and wholesales footwear, apparel and accessories under the Xidelong brand name. This stock is trading up 7.2% to $2.67 in recent trading.
Today’s Range: $2.40-$2.81
52-Week Range: $1.80-$6.02
Volume: 84,000
Three-Month Average Volume: 64,916
From a technical perspective, EDS is continuing to see upside momentum here, after the stock closed back above its 50-day moving average of $2.35 on Thursday. As long as EDS continues to trend above its 50-day with strong upside volume flows, then this stock has a great chance of heading much higher.
I would consider any upside volume day that registers near or above 64,916 shares as bullish. At last check, EDS has hit an intraday high of $2.81 and volume is above its three-month average with over 84,000 shares traded. Some potential upside targets are resistance at $3, or its 200-day moving average of $3.72. Keep in mind that a high-volume move or close over $3 will increase the probability of $3.72 getting hit soon.
To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.
By Roberto Pedone
Senior Contributor
06/01/12 - 01:48 PM EDT
-- Written by Roberto Pedone in Winderemere, Fla.