DELAFIELD, Wis. (Stockpickr) -- As part of your daily routine as an active trader or investor, it's important to track 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 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.
Basic Energy (BAS - Get Report) provides well site services to oil and natural gas drilling and producing companies in the U.S. This stock is trading up 6.9% to $6.49 in Tuesday's trading session.
- Tuesday's Range: $6.13-$6.65
- 52-Week Range: $5.00-$25.01
- Tuesday's Volume: 999,000
- Three-Month Average Volume: 2.57 million
From a technical perspective, Basic Energy is ripping higher here right off its 20-day moving average of $6.18 with decent upside volume flows. This stock has been downtrending badly over the last three months, with shares sliding lower from its high of $10.50 to its recent low of $5.26. During that downtrend, shares of Basic Energy have been consistently making lower highs and lower lows, which is bearish technical price action. That said, this stock has now started to rebound off that $5.26 low and it's quickly moving 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 $6.64 to $6.68 and then above its 50-day moving average of $7.16 with high volume.
Traders should now look for long-biased trades in Basic Energy as long as it's trending above its 20-day at $6.18 or above more support at around $6 and then once it sustains a move or close above those breakout levels with volume that registers near or above 2.57 million shares. If that breakout gets started soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $7.90 to its 200-day at $7.99, or even $8.50 a share.
Five9 (FIVN - Get Report), together with its subsidiaries, provides cloud software for contact centers in the U.S. and internationally. This stock is trading up 6.4% to $5.25 in Tuesday's trading session.
- Tuesday's Range: $4.99-$5.44
- 52-Week Range: $3.64-$6.66
- Tuesday's Volume: 393,000
- Three-Month Average Volume: 338,631
From a technical perspective, Five9 is ripping sharply higher here back above its 200-day moving average of $4.85 with above-average volume. This strong spike to the upside on Tuesday has briefly pushed shares of Five9 back above both its 20-day moving average of $5.24 and its 50-day moving average of $5.39. Shares of Five9 are now starting to move within range of triggering a near-term breakout trade above some key overhead resistance levels. That breakout will trigger if this stock manages to take out Tuesday's intraday high of $5.44 and then once it clears more overhead resistance levels at $5.63 to $5.66 with high volume.
Traders should now look for long-biased trades in Five9 as long as it's trending above some near-term support at $5 or above its 200-day at $4.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 338,631 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 $6.16 to its 52-week high of $6.66 a share.
Town Sports International
- Tuesday's Range: $2.46-$2.60
- 52-Week Range: $1.97-$7.69
- Tuesday's Volume: 27,000
- Three-Month Average Volume: 135,362
From a technical perspective, Town Sports International is trending higher here right above some near-term support at $2 with lighter-than-average volume. This move to the upside on Tuesday has started to push shares of Town Sports International back above its 20-day moving average of $2.57. That action is now quickly pushing this stock within range of triggering a near-term breakout trade above some key overhead resistance levels. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at $2.76 to its 50-day moving average of $2.82 with high volume.
Traders should now look for long-biased trades in Town Sports International as long as it's trending above some near-term support levels at $2.25 or right around $2 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 135,362 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 $3.10 to $3.50 a share.
By Roberto Pedone
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