Stocks that are making large moves to the upside are favorites among short-term traders who want to capture some of that massive volatility. Stocks that are making big-percentage moves 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.
Prima Biomed
Prima Biomed (PBMD) researches, develops and commercializes medical biotechnology products in Australia. This stock is trading up 8.5% to $1.39 in Tuesday's trading session.
- Tuesday's Range: $1.26-$1.43
- 52-Week Range: $0.42-$6.48
- Tuesday's Volume: 804,000
- Three-Month Average Volume: 4.73 million
From a technical perspective, Prima Biomed is spiking sharply higher here right off some near-term support at $1.25 with lighter-than-average volume. This sharp jump to the upside on Tuesday has now started to push shares of Prima Biomed back above its 20-day moving average of $1.36. This move is also quickly staring to push shares of Prima Biomed within range of triggering a near-term breakout trade. That trade will hit if this stock manages to take out some near-term overhead resistance levels at $1.42 to $1.45 with high volume.
Traders should now look for long-biased trades in Prima Biomed as long as it's trending above some near-term support at $1.25 or at $1.15 and then once it sustains a move or close above those breakout levels with volume that registers near or above 4.73 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $1.64 to its 50-day moving average of $1.83, or even $2.01 a share.
Heat Biologics
Heat Biologics (HTBX), a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel allogeneic off-the-shelf cellular therapeutic vaccines for a range of cancers and infectious diseases in the U.S. This stock is trading up 4.8% to $6.49 in Tuesday's trading session.
- Tuesday's Range: $6.36-$7.00
- 52-Week Range: $3.60-$10.90
- Tuesday's Volume: 22,000
- Three-Month Average Volume: 29,273
Traders should now look for long-biased trades in Heat Biologics as long as it's trending above its 20-day at $6.20 or above that recent base support around $6 and then once it sustains a move or close above those breakout levels with volume that hits near or above 29,273 shares. If that breakout gets stared soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $8.65 to $9 a share.
SandRidge Energy
SandRidge Energy (SD - Get Report), an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the U.S. This stock is trading up 8.5% to 57 cents per share in Tuesday's trading session.
- Tuesday's Range: $0.52-$0.58
- 52-Week Range: $0.48-$6.36
- Tuesday's Volume: 5.82 million
- Three-Month Average Volume: 15.07 million
From a technical perspective, SandRidge Energy is ripping sharply higher here right above its new 52-week low of 48 cents per share with lighter-than-average volume. This stock has been downtrending badly over the last four months, with shares moving lower from its high of $2.30 to that new 52-week low of 48 cents per share. During that downtrend, shares of SandRidge Energy have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock is now starting to reverse off that 48 cents per share low and it's quickly moving within range of triggering a near-term breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance at 60 to 65 cents per share with high volume.
Traders should now look for long-biased trades in SandRidge as long as it's trending above Tuesday's intraday low of 53 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 15.07 million shares. If that breakout hits soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 20-day moving average of 68 cents per share to 80 cents per share.
SeaDrill
SeaDrill (SDRL - Get Report) an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. This stock is trading up 7.2% to $8.88 in Tuesday's trading session.
- Tuesday's Range: $8.39-$9.00
- 52-Week Range: $8.18-$37.79
- Tuesday's Volume: 8.75 million
- Three-Month Average Volume: 12.59 million
From a technical perspective, SeaDrill is spiking sharply higher here right above its new 52-week low of $8.18 with strong upside volume flows. This stock has been downtrending badly over the last three months, with shares moving lower from its high of $15.44 to that new 52-week low of $8.18 a share. During that downtrend, shares of SeaDrill have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock is now starting to rip off that $8.1 low and it's beginning to trend within range of triggering a big breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at $9 to $9.35 and then above its 20-day moving average of $9.41 to $9.50 with high volume.
Traders should now look for long-biased trades in SeaDrill as long as it's trending above Tuesday's intraday low of $8.39 or above that new 52-week low of $8.18 and then once it sustains a move or close above those breakout levels with volume that hits near or above 12.59 million shares. If that breakout develops soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $10.50 to its 50-day moving average of $10.93, or even $11.50 to $12.50 a share.
By Roberto Pedone
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