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.
Pier 1 Imports
- Tuesday's Range: $6.56-$6.87
- 52-Week Range: $6.26-$17.52
- Tuesday's Volume: 1.46 million
- Three-Month Average Volume: 3.02 million
Pier 1 Imports (PIR - Get Report) engages in the retail sale of decorative home furnishings, furniture, gifts and related items. This stock traded up 3.1% to $6.81 in Tuesday's trading session.
From a technical perspective, Pier 1 Imports spiked notably higher on Tuesday with lighter-than-average volume. This stock recently formed a near-term bottom, after shares found some buying interest multiple times around $6.30 a share. Shares of Pier1 Imports have now started to spike higher off those support levels and it's quickly moving within range oftriggering a near-term breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at $6.87 to $7 a share and then above its 20-day moving average of $7.14 a share with high volume.
Traders should now look for long-biased trades in Pier 1 Imports as long as it's trending above some near-term support at $6.50 or above its new 52-week low of $6.26 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.02 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 50-day moving average of $7.51 to $8, or even $8.23 a share.
Vical
- Tuesday's Range: $0.40-$0.46
- 52-Week Range: $0.37-$1.55
- Tuesdays Volume: 914,000
- Three-Month Average Volume: 238,129
Vical (VICL - Get Report) engages in the research and development of biopharmaceutical products based on its DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. This stock traded up 8.4% to 45 cents per share in Tuesday's trading session.
From a technical perspective, Vical ripped sharply higher here right off its 20-day moving average of 42 cents per share and back above its 50-day moving average of 44 cents per share with strong upside volume flows. This high-volume move to the upside is now quickly pushing shares of Vical within range of triggering a major breakout trade above some key near-term overhead resistance levels. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at 48 to just above 50 cents per share with high volume.
Traders should now look for long-biased trades in Vical as long as it's trending above some key near-term support levels at 40 to 39 cents per share and then once it sustains a move or close above those breakout levels with volume that hits near or above 238,129 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 60 cents to 68 cents per share, or even 72 cents to its 200-day moving average of 76 cents per share.
Repros Therapeutics
- Tuesday's Range: $1.58-$1.83
- 52-Week Range: $1.42-$10.55
- Tuesday's Volume: 1.67 million
- Three-Month Average Volume: 586,805
Repros Therapeutics (RPRX) , a biopharmaceutical company, focuses on the development of new drugs to treat hormonal and reproductive system disorders for male and female in the U.S. This stock traded up 12.6% to $1.78 in Tuesday's trading session.
From a technical perspective, Repros Therapeutics ripped sharply higher on Tuesday and broke out above some near-term support at $1.67 a share with strong upside volume flows. This high-volume move to the upside is now quickly pushing shares of Repros Therapeutics within range of triggering a much bigger breakout trade above some key near-term overhead resistance levels. That breakout will trigger if this stock manages to take out its 20-day moving average of $1.82 a share and then once it clears more key resistance just above $2 a share with high volume.
Traders should now look for long-biased trades in Repros Therapeutics as long as it's trending above Tuesday's intraday low of $1.58 or above its new 52-week low of $1.42 a share and then once it sustains a move or close above thosebreakout levels with volume that hits near or above 586,805 shares. If that breakout fires off soon, then this stock will set up to re-fill some of its previous gap-down-day zone from October that started near $5 a share.
Hi-Crush Partners
- Tuesday's Range: $6.27-$7.07
- 52-Week Range: $5.05-$49.09
- Tuesday's Volume: 393,000
- Three-Month Average Volume: 659,949
Hi-Crush Partners (HCLP - Get Report) produces and supplies monocrystalline sand in the U.S. This stock traded up 11% to $6.86 in Tuesday's trading session.
From a technical perspective, Hi-Crush Partners ripped sharply higher on Tuesday right above some near-term support at $5.92 with lighter-than-average volume. This stock has formed a bottoming chart pattern over the last few weeks, with shares finding buying interest at around $6 a share. Shares of Hi-Crush Partners LP have now started to spike higher off those support levels and it's quickly moving within range of triggering a big breakout trade. That trade will trigger if this stock manages to take out some near-term overhead resistance levels at Tuesday's intraday high of $7.07 to some more near-term resistance at $7.35 a share and then above its 50-day moving average of $7.95 a share with high volume.
Traders should now look for long-biased trades in Hi-Crush Partners as long as it's trending above some near-term support at $5.92 a share and then once it sustains a move or close above those breakout levels with volume that registers near or above 659,949 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 $9 to $9.50 a share.
Source:http://www.thestreet.com/story/13378325/1/4-stocks-under-10-to-trade-for-big-breakouts.html
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