DELAFIELD, Wis. (Stockpickr) -- As part of a daily routine as an active trader or investor, one should always be tracking 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 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 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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A10 Networks
A10 Networks (ATEN), together with its subsidiaries, provides software based application networking solutions in the U.S., Japan and internationally. This stock is trading up 4.4% to $4.44 in Thursday's trading session.
Thursday's Range: $4.24-$4.54
52-Week Range: $3.90-$16.50
Thursday's Volume: 115,000
Three-Month Average Volume: 379,692
52-Week Range: $3.90-$16.50
Thursday's Volume: 115,000
Three-Month Average Volume: 379,692
From a technical perspective, ATEN is ripping higher here right above some near-term support at $4.16 with lighter-than-average volume. This stock has been attempting to carve out a bottom for the last month or so, with shares finding buying interest at $4.05, $4.23 and $4.16 a share. Shares of ATEN are now starting to spike higher just above those support levels and it's beginning to move within range of triggering a major breakout trade. That trade will trigger if ATEN manages to take out some key near-term overhead resistance levels at $4.59 to its 50-day moving average of $4.63 with high volume.
Traders should now look for long-biased trades in ATEN as long as it's trending above some near-term support levels at $4.16 or at $4.05 and then once it sustains a move or close above those breakout levels with volume that hits near or above 379,692 shares. If that breakout materializes soon, then ATEN will set up to re-test or possibly take out its next major overhead resistance levels at $5 to $5.15, or even $5.47 to $5.58.
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Arotech
Arotech (ARTX - Get Report), together with its subsidiaries, provides defense and security products and services. This stock is trading up 6.2% to $2.81 in Thursday's trading session.
Thursday's Range: $2.63-$2.88
52-Week Range: $2.02-$6.61
Thursday's Volume: 211,000
52-Week Range: $2.02-$6.61
Thursday's Volume: 211,000
Three-Month Average Volume: 218,550
From a technical perspective, ARTX is ripping higher here right above some near-term support at $2.55 and above its 50-day moving average of $2.43 with decent upside volume flows. This stock has been uptrending strong for the last four months, with shares moving higher from its low of $2.02 to its intraday high of $2.88. During that uptrend, shares of ARTX have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Thursday is now quickly pushing shares of ARTX within range of triggering a major breakout trade. That trade will hit if ARTX manages to take out its 200-day moving average of $3.13 to some past resistance at $3.20 with high volume.
Traders should now look for long-biased trades in ARTX as long as it's trending above some near-term support levels at $2.55 or above its 50-day at $2.43 and then once it sustains a move or close above those breakout levels with volume that registers near or above 218,550 shares. If that breakout gets going soon, then ARTX will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4, or even $4.40 to $4.73.
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BGC Partners
BGC Partners (BGCP) operates as a brokerage company in the U.K., the U.S. and internationally. This stock is trading up 3.3% to $8.87 in Thursday's trading session.
Thursday's Range: $8.59-$8.92
52-Week Range: $6.29-$9.57
Thursday's Volume: 301,000
Three-Month Average Volume: 958,173
52-Week Range: $6.29-$9.57
Thursday's Volume: 301,000
Three-Month Average Volume: 958,173
Traders should now look for long-biased trades in BGCP as long as it's trending above some key near-term support at $8.52 and then once it sustains a move or close above those breakout levels with volume that registers near or above 958,173 shares. If that breakout materializes soon, then BGCP will set up to enter new 52-week-high territory above $9.57, which is bullish technical price action. Some possible upside targets off that move are $10.50 to $11, or even $11.50.
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InspireMD
InspireMD (NSPR), a medical device company, focuses on the development and commercialization of proprietary MGuard stent platform technology. This stock is trading up 4.9% to 27 cents per share in Thursday's trading session.
Thursday's Range: $0.26-$0.28
52-Week Range: $0.23-$3.60
Thursday's Volume: 389,000
52-Week Range: $0.23-$3.60
Thursday's Volume: 389,000
Three-Month Average Volume: 521,865
From a technical perspective, NSPR is trending notably higher here right above its new 52-week low of 23 cents per share with decent upside volume flows. This stock recently gapped down sharply lower from around 60 cents per share to 26 cents per share with monster downside volume flows. Following that move, shares of NSPR went on to print a new 52-week low at 23 cents per share. That plunge has now pushed shares of NSPR into extremely oversold territory, since its current relative strength index reading is 23. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.
Traders should now look for long-biased trades in NSPR as long as it's trending above its new 52-week low of 23 cents per share and then once it sustains a move or close above some key near-term overhead resistance levels at 31 to 35 cents per share with volume that hits near or above 521,865 shares. If that move gets underway soon, then NSPR will set up to re-fill some of its recent gap-down-day zone that started near 60 cents per share.
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