Stocks that are making large moves like these 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 recentearnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst upgrade.
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 technical indicators 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 today.
Synergy Pharmaceuticals(SGYP) is a development-stage biopharmaceutical company focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. This stock is trading up 6.9% at $5.26 in recent trading.
Today's Range: $5.00-$5.43
52-Week Range: $1.86-$5.24
Volume: 136,000
Three-Month Average Volume: 60,027
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From a technical perspective, SGYP is moving sharply to the upside today on above-average volume. This move has now pushed SGYP into breakout territory since its moving above some past overhead resistance at $5.24.
Traders should continue to look for long-biased trades in SGYP as long as it's trending above $5.24 with strong upside volume flows. I would consider volume near or above 60,027 shares as strong. A potential target to the upside is $6 to $6.30 as long as SGYP can continue its trend above 5.24.
Today's Range: $2.20-$2.92
52-Week Range: $0.46-$4.82
Volume: 1.7 million
Three-Month Average Volume: 117,284
From a technical perspective, NFEC is gapping up sharply today on monster volume. This move has triggered a breakout trade once NFEC took out some near-term overhead resistance at $2.
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Traders should now look for long-biased trades as long as NFEC is trending above $2 and if it can manage to close near its daily highs. At last check, NFEC has hit an intraday high of $2.92. The next major breakout for NFEC will trigger once it takes out some near-term overhead resistance at $3.37 with high-volume. I would consider volume near or above 117,284 as bullish action.
This stock should be avoided from the long side if it moves back below today's low of $2.20 with heavy volume. If $3.37 gets taken out with volume soon, then look for NFEC to tag $4.82 in the near future.
Today's Range: $2.14-$2.98
52-Week Range: $0.27-$4.58
Volume: 953,000
Three-Month Average Volume: 249,121
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From a technical perspective, RCON is skyrocketing today on monster volume. This move has just started to push RCON into breakout territory with the stock moving above some near-term overhead resistance at $2.64.
Traders should continue to look for long-biased trades in RCON as long as it's trending above $2.64 with strong upside volume flows. I would consider upside volume that's near or well above 249,121 as bullish. Also, look for RCON to close near its daily highs today. If we get that action, look for RCON to tag its next significant overhead resistance level of $3.50 in the near future. Any high-volume move then above $3.50 will put $4.60 into play.
Today's Range: $3.15-$3.60
52-Week Range: $2.02-$4.66
Volume: 654,000
Three-Month Average Volume: 66,868
Shares of NEPT are soaring today after Rodman & Renshaw initiated the stock with an outperform rating.
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From a technical perspective, NEPT is ripping higher today on monster volume, and this stock has triggered a near-term breakout trade with shares trending above $3.25 to $3.29.
Traders should now look to play the next major breakout for NEPT, which will trigger on a high-volume move or close above $3.78. I would consider upside volume that's near or well above 66,868 as bullish. If we get that breakout soon, look for NPET to make a run at $4.50 to $4.66 in the near future.
Today's Range: $3.89-$4.19
52-Week Range: $1.05-$5.56
Volume: 418,000
Three-Month Average Volume: 573,013
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From a technical perspective, HW is following through today after the stock recently saw some buying interest near its 50-day moving average of $3.71. This move has now pushed HW into breakout territory since the stock is moving above some near-term overhead resistance at $4.09 with decent volume.
Traders should continue to look for long-biased trades as long as HW is trending above $4.09 with strong upside volume flows. The next major breakout for HW will trigger once it takes out $4.54 with high-volume. I would consider upside volume that's near or well above 573,013 as bullish action. A possibly target if $4.54 is taken out with volume is the next major resistance level at $5.50.
Today's Range: $6.31-$6.84
52-Week Range: $5.65-$1.03
Volume: 3.6 million
Three-Month Average Volume: 6.3 million
From a technical perspective, XCO is moving notably higher today on light volume. This move has now pushed XCO into breakout territory above some near-term overhead resistance at $6.42. This stock is also flirting with taking out its 50-day moving average of $6.77 today.
Traders should now look for long-biased trades if XCO can manage to sustain a move or close back above its 50-day with high volume. Look for volume on that move that's near or well above 6,304,680 shares. If we get that action soon, look for XCO to re-test its next resistance levels at $7.50 to $7.88 in the near future.
Exco was also featured in "14 Deal-Ready Stocks for a M&A Boom."
Today's Range: $1.85-$2.14
52-Week Range: $1.37-$4.74
Volume: 135,000
Three-Month Average Volume: 88,157
Shares of EDAP are ripping higher today after the company announced the installation of a third Sonolith i-move lithotripter in the U.S.
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From a technical perspective, EDAP is bursting back above its 50-day moving average today at $2.01 with above average volume. This move has also pushed EDAP into breakout territory with shares trending above some near-term overhead resistance at $1.89 to $2.
Traders should now look for long-biased trades off the next major breakout for EDAP. That breakout will trigger once EDAP moves or closes above its 200-day moving average of $2.18 with high volume. Look for volume on that move that's near or well above 88,157 shares. IF we get that action soon, look for EDAP to re-test its next significant overhead resistance levels at around $2.50 to $2.60.
Keep in mind that I would only be looking for long trades if EDAP is trending above $2.18 with strong upside volume flows.
Today's Range: $3.52-$3.92
52-Week Range: $1.01-$4.55
Volume: 175,000
Three-Month Average Volume: 339,284
From a technical perspective, BLDR is bouncing strong today right near its 50-day moving average of $3.62 with light volume. This bounce is basically coming after BLDR found some buying interest at $3.50 to $3.42 recently.
Traders should now look for long-biased trades if BLDR can manage to trigger a major near-term breakout trade. That trade will hit once BLDR takes out some overhead resistance at $4.35 to $4.55 with volume. Look for a sustained move or close above those levels that comes with volume that's near or above 339,284 shares. If we get that action soon, look for BLDR to trend towards $5 to $5.30 in the near future.
Roberto Pedone
04/26/12 - 01:16 PM EDT
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