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.
Endologix
Endologix (ELGX - Get Report) develops, manufactures, markets and sells medical devices for the treatment of abdominal aortic aneurysms in the U.S. and internationally. This stock traded up 5.3% to $9.99 in Tuesday's trading session.
From a technical perspective, Endologix ripped sharply higher on Tuesday right off its 20-day moving average of $9.44 a share with decent upside volume flows. This strong move to the upside on Tuesday is now quickly pushing shares of Endologix 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 $10.15 to $10.45 a share and then above its gap-down-day high from October $11 a share with high volume.
Traders should now look for long-biased trades in Endologix as long as it's trending above its 20-day moving average of $9.44 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.11 million shares. If that breakout triggers soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started near $14 a share.
Bebe Stores
Bebe Stores (BEBE - Get Report) engages in the design, development and production of women's apparel and accessories under the bebe and BEBE SPORT brand names in the U.S., Puerto Rico and Canada. This stock traded up 6.9% to 45 cents per share in Tuesday's trading session.
From a technical perspective, Bebe Stores jumped higher on Tuesday right above its new 52-week low of 39 cents per share with above-average volume. This high-volume move to the upside for Bebe Stores is coming off oversold territory, since its current relative strength index reading is 22.2. Oversold can always get more oversold, but it's also an area where a stock can make a powerful bounce higher from. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Tuesday's intraday high of 46 cents per share with strong upside volume flows.
Traders should now look for long-biased trades in Bebe Stores as long as it's trending above Tuesday's intraday low of 42 cents per share or above its new 52-week low of 39 cents per share and then once it sustains a move or close above 46 cents per share with volume that hits near or above 564,888 shares. If that move gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at 50 cents to around 60 cents per share. Any high-volume move above those levels will then give this stock a chance to re-fill some of its previous gap-down-day zone from earlier this month that started at 90 cents per share.
Bonanza Creek Energy
From a technical perspective, Bonanza Creek Energy ripped sharply higher here right off its 20-day moving average of $7.52 with decent upside volume flows. This stock recently formed a double bottom chart pattern, after shares found some buying interest at $7.15 to $7.22 a share. Shares of Bonanza Creek Energy have now started to rip higher off those support levels and it's now quickly moving within range of triggering a major breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at Tuesday's intraday high of $8.93 to $9.54 a share and then above more resistance at $10.12 a share with high volume.
Traders should now look for long-biased trades in Bonanza Creek Energy as long as it's trending above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.24 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 $12 to $14, or even its 200-day moving average of $15.86 a share.
Century Aluminum
From a technical perspective, Century Aluminum ripped sharply higher on Tuesday right above some near-term support at $3.46 a share with lighter-than-average volume. This stock recently formed a double bottom chart pattern, after shares found some buying interest over the last few weeks at $3.36 to $3.46 a share. Following that bottom, shares of Century Aluminum have now started to rip higher off those support levels and it's quickly moving within range of triggering a major breakout trade above some key near-term overhead resistance levels. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at Tuesday's intraday high of $3.92 and then above more key resistance at $4 a share with high volume.
Traders should now look for long-biased trades in Century Aluminum a as long as it's trending above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.21 million shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4.58 to its 50-day moving average of $4.64, or even $5 a share.
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.
Endologix
- Tuesday's Range: $9.37-$10.03
- 52-Week Range: $8.39-$18.07
- Tuesday's Volume: 731,000
- Three-Month Average Volume: 1.11 million
Endologix (ELGX - Get Report) develops, manufactures, markets and sells medical devices for the treatment of abdominal aortic aneurysms in the U.S. and internationally. This stock traded up 5.3% to $9.99 in Tuesday's trading session.From a technical perspective, Endologix ripped sharply higher on Tuesday right off its 20-day moving average of $9.44 a share with decent upside volume flows. This strong move to the upside on Tuesday is now quickly pushing shares of Endologix 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 $10.15 to $10.45 a share and then above its gap-down-day high from October $11 a share with high volume.
Traders should now look for long-biased trades in Endologix as long as it's trending above its 20-day moving average of $9.44 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.11 million shares. If that breakout triggers soon, then this stock will set up to re-fill some of its previous gap-down-day zone that started near $14 a share.
Bebe Stores
- Tuesday's Range: $0.42-$0.46
- 52-Week Range: $0.39-$4.00
- Tuesday's Volume: 870,000
- Three-Month Average Volume: 564,888
Bebe Stores (BEBE - Get Report) engages in the design, development and production of women's apparel and accessories under the bebe and BEBE SPORT brand names in the U.S., Puerto Rico and Canada. This stock traded up 6.9% to 45 cents per share in Tuesday's trading session.
From a technical perspective, Bebe Stores jumped higher on Tuesday right above its new 52-week low of 39 cents per share with above-average volume. This high-volume move to the upside for Bebe Stores is coming off oversold territory, since its current relative strength index reading is 22.2. Oversold can always get more oversold, but it's also an area where a stock can make a powerful bounce higher from. Market players should now look for a continuation move to the upside in the short-term if this stock manages to take out Tuesday's intraday high of 46 cents per share with strong upside volume flows.Traders should now look for long-biased trades in Bebe Stores as long as it's trending above Tuesday's intraday low of 42 cents per share or above its new 52-week low of 39 cents per share and then once it sustains a move or close above 46 cents per share with volume that hits near or above 564,888 shares. If that move gets underway soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at 50 cents to around 60 cents per share. Any high-volume move above those levels will then give this stock a chance to re-fill some of its previous gap-down-day zone from earlier this month that started at 90 cents per share.
Bonanza Creek Energy
- Tuesday's Range: $7.77-$8.93
- 52-Week Range: $3.72-$36.79
- Tuesday's Volume: 3.51 million
- Three-Month Average Volume: 3.24 million
From a technical perspective, Bonanza Creek Energy ripped sharply higher here right off its 20-day moving average of $7.52 with decent upside volume flows. This stock recently formed a double bottom chart pattern, after shares found some buying interest at $7.15 to $7.22 a share. Shares of Bonanza Creek Energy have now started to rip higher off those support levels and it's now quickly moving within range of triggering a major breakout trade. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at Tuesday's intraday high of $8.93 to $9.54 a share and then above more resistance at $10.12 a share with high volume.
Traders should now look for long-biased trades in Bonanza Creek Energy as long as it's trending above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.24 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 $12 to $14, or even its 200-day moving average of $15.86 a share.
Century Aluminum
- Tuesday's Range: $3.62-$3.92
- 52-Week Range: $3.19-$31.75
- Tuesday's Volume: 1.89 million
- Three-Month Average Volume: 3.21 million
From a technical perspective, Century Aluminum ripped sharply higher on Tuesday right above some near-term support at $3.46 a share with lighter-than-average volume. This stock recently formed a double bottom chart pattern, after shares found some buying interest over the last few weeks at $3.36 to $3.46 a share. Following that bottom, shares of Century Aluminum have now started to rip higher off those support levels and it's quickly moving within range of triggering a major breakout trade above some key near-term overhead resistance levels. That breakout will trigger if this stock manages to take out some near-term overhead resistance levels at Tuesday's intraday high of $3.92 and then above more key resistance at $4 a share with high volume.
Traders should now look for long-biased trades in Century Aluminum a as long as it's trending above those recent double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.21 million shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $4.58 to its 50-day moving average of $4.64, or even $5 a share.
By Roberto Pedone
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