Thursday, April 2, 2015

3 Stocks Under $10 Making Big Moves

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.

ReneSola  (SOL - Get Report), through its subsidiaries, manufactures and sells various solar power products. This stock is trading up 4% to $1.57 in Thursday's trading session.
Thursday's Range: $1.50-$1.60 
52-Week Range: $1.20-$3.62 
Thursday's Volume: 653,000 
Three-Month Average Volume: 884,550

Image result for ReneSolaFrom a technical perspective, SOL is ripping higher here right above some near-term support at $1.43 with decent upside volume flows. This jump higher on Thursday is now starting to push shares of SOL within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if SOL manages to take out some key near-term overhead resistance levels at $1.62 to $1.65 a share and then above some past resistance at $1.69 with high volume.
Traders should now look for long-biased trades in SOL as long as it's trending above Thursday's intraday low of $1.50 or above more near-term support at $1.43 and then once it sustains a move or close above those breakout levels with volume that registers near or above 884,550 shares. If that breakout gets going soon, then SOL will set up to re-test or possibly take out its next major overhead resistance levels at $2 to its 200-day moving average of $2.11.
Pioneer Energy Services
Pioneer Energy Services  (PES - Get Report), through its subsidiaries, provides drilling services and production services to oil and gas exploration and production companies in the U.S. and Colombia. This stock is trading up 8.2% to $5.51 in Thursday's trading session.
Thursday's Range: $3.67-$18.40 
52-Week Range: $6.29-$9.57 
Thursday's Volume: 1.07 million 
Three-Month Average Volume: 1.44 million

Image result for Pioneer Energy ServicesFrom a technical perspective, PES is ripping sharply higher here right off its 50-day moving average of $5.11 with strong upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $4.33 to its recent high of $5.59. During that uptrend, shares of PES have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PES within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will hit if PES manages to clear some key near-term overhead resistance levels at $5.59 to $6.10 with high volume.
Traders should now look for long-biased trades in PES as long as it's trending above Thursday's intraday low of $5.04 and then once it sustains a move or close above those breakout levels with volume that registers near or above 1.44 million shares. If that breakout materializes soon, then PES will set up to re-test or possibly take out its next major overhead resistance levels at $6.53 to $7, or even $8 a share.
InspireMD
InspireMD  (NSPR), a medical device company, focuses on the development and commercialization of proprietary MGuard stent platform technology. This stock is trading up 4.7% to 33 cents per share in Thursday's trading session.
Thursday's Range: $0.31-$0.34 
52-Week Range: $0.23-$3.25 
Thursday's Volume: 160,000 
Three-Month Average Volume: 880,953

Image result for InspireMDFrom a technical perspective, NSPR is spiking higher here right off some near-term support at 31 cents per share with lighter-than-average volume. This jump to the upside on Thursday is now quickly pushing shares of NSPR within range of triggering a near-term breakout trade. That trade will trigger if NSPR manages to take out some key near-term overhead resistance levels at 35 cents to 38 cents per share with high volume.
Traders should now look for long-biased trades in NSPR as long as it's trending above some key near-term support levels at 31 to 30 cents per share and then once it sustains a move or close above those breakout levels share with volume that hits near or above 880,953 shares. If that breakout triggers soon, then NSPR will set up to re-fill some of its recent gap-down-day zone that started near 60 cents per share.

By Roberto Pedone


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