Tuesday, April 7, 2015

4 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.
Image result for stock marketStocks 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.


Cliffs Natural Resources
Cliffs Natural Resources (CLF - Get Report), a mining and natural resources company, produces iron ore and metallurgical coal. This stock is trading up 4.9% to $4.94 in Tuesday's trading session.
Tuesday's Range: $4.73-$5.01 
52-Week Range: $4.12-$21.25 
Tuesday's Volume: 4.15 million 
Three-Month Average Volume: 9.13 million
From a technical perspective, CLF is ripping higher here with decent upside volume lows. This stock recently formed a double bottom chart pattern, after shares of CLF found buying interest at $4.12 to $4.35. Following that bottom, shares of CLF have started to rip higher and it's now moving within range of triggering a near-term breakout trade above some key overhead resistance levels. That trade will hit if CLF manages to take out some key overhead resistance levels at $5.13 to $5.48 with high volume.
Traders should now look for long-biased trades in CLF as long as it's trending above some key near-term support levels at $4.50 to $4.35 and then once it sustains a move or close above those breakout levels with volume that hits near or above 9.13 million shares. If that breakout materializes soon, then CLF will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $5.92 to $6.50.


Ohr Pharmaceutical
Ohr Pharmaceutical (OHRP), a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. This stock is trading up 3.9% to $2.61 in Tuesday's trading session.
Tuesday's Range: $2.48-$2.65 
52-Week Range: $2.48-$12.31 
Tuesday's Volume: 504,000 
Three-Month Average Volume: 844,828
From a technical perspective, OHRP is spiking sharply higher here off its new 52-week low of $2.48 with decent upside volume flows. This stock recently gapped down sharply lower from over $9 a share to under $3 a share with heavy downside volume flows. Following that move, shares of OHRP have continued to trend lower, with the stock tagging a new intraday low on Tuesday of $2.48. Shares of OHRP are now starting to bounce off that low and it's beginning to move within range of triggering a near-term breakout trade. That trade will trigger if OHRP manages to take out some key near-term overhead resistance at $2.97 with high volume.
Traders should now look for long-biased trades in OHRP as long as it's trending above its new 52-week low of $2.48 and then once it sustains a move or close above $2.97 with volume that registers near or above 844,828 shares. If that breakout triggers soon, then OHRP will set up to re-test or possibly take out its next major overhead resistance level at its gap-down-day high of $3.24. Any high-volume move above that level will then give OHRP a chance to re-fill some of its previous gap-down-day zone that started near $9.
BioLineRx
BioLineRx  (BLRX), a clinical stage biopharmaceutical development company, engages in identifying, in-licensing and developing therapeutic candidates that address unmet medical needs. This stock is trading up 3.6% to $2.28 in Tuesday's trading session.
Tuesday's Range: $2.17-$2.29 
52-Week Range: $1.20-$3.28 
Tuesday's Volume: 688,000 
Three-Month Average Volume: 765,172
From a technical perspective, BLRX is ripping higher here right above its 50-day moving average of $2.10 with strong upside volume flows. This move to the upside on Tuesday has now pushed shares of BLRX above some key near-term overhead resistance at $2.25. That move is now quickly pushing shares of BLRX within range of triggering a major breakout trade above some key near-term overhead resistance. That trade will hit if BLRX manages to take out some key near-term overhead resistance at $2.45 with high volume.
Traders should now look for long-biased trades in BLRX as long as it's trending above its 50-day moving average of $2.10 or above some more key near-term support at $2 and then once it sustains a move or close above $2.45 with volume that hits near or above 765,172 shares. If that breakout materializes soon, then BLRX will set up to re-fill some of its previous gap-down-day zone from March that started at $3.28.
BioScrip
BioScrip (BIOS) provides home infusion and other home care services, and pharmacy benefit management services in the U.S. This stock is trading up 2.2% to $4.78 in Tuesday's trading session.
Tuesday's Range: $4.63-$4.80 
52-Week Range: $3.41-$8.75 
Tuesday's Volume: 687,000 
Three-Month Average Volume: 1.34 million
From a technical perspective, BIOS is spiking notably higher here with decent upside volume flows. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $4.18 to its intraday high of $4.80. During that uptrend, shares of BIOS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of BIOS within range of triggering a near-term breakout trade. That trade will hit if BIOS manages to take out some key overhead resistance at $4.81 with high volume.
Traders should now look for long-biased trades in BIOS as long as it's trending above some key near-term support at $4.50 or above $4.18 and then once it sustains a move or close above $4.81 with volume that hits near or above 1.34 million shares. If that breakout hits soon, then BIOS will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $5.19 to 

By Roberto Pedone

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