DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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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 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 technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.
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With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
Parametric Sound
Parametric Sound (HEAR), an audio technology company, designs and markets audio peripherals for video game, personal computer and mobile platforms in North America, Europe, and Asia. This stock closed up 5.2% to $9.98 a share in Thursday's trading session.
Thursday's Range: $9.35-$10.05
52-Week Range: $7.58-$18.80
Thursday's Volume: 208,000
Three-Month Average Volume: 177,321
From a technical perspective, HEAR ripped higher here and broke out above some near-term overhead resistance at $9.70 with above-average volume. This stock recently gapped down sharply from over $13 to under $9.50 with heavy downside volume. Following that move, shares of HEAR went on to print a new 52-week low at $7.58. This stock has now rebounded sharply off that $7.58 low and it's quickly moving within range of triggering a major breakout trade. That trade will hit if HEAR manages to take out its gap-down-day high of $10.05 with strong volume.
Traders should now look for long-biased trades in HEAR as long as it's trending above support at $9 or at $8.50 and then once it sustains a move or close above $10.05 with volume that hits near or above 177,321 shares. If that breakout hits soon, then HEAR will set up to re-fill some of its previous gap-down-day zone from April that started above $13.
KaloBios Pharmaceuticals
KaloBios Pharmaceuticals (KBIO), biopharmaceutical company, primarily develops monoclonal antibody therapeutics for the treatment of respiratory diseases and cancer in the U.S. This stock closed up 3.3% to $1.88 a share in Thursday's trading session.
Thursday's Range: $1.78-$1.92
52-Week Range: $1.69-$6.55
Thursday's Volume: 167,000
Three-Month Average Volume: 210,676
From a technical perspective, KBIO bounced higher here right above its recent 52-week low of $1.69 with lighter-than-average volume. This stock has been downtrending badly for the last two months and change, with shares moving lower from its high of $3.69 to its 52-week low of $1.69. During that downtrend, shares of KBIO have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of KBIO have now started to rebound off its 52-week low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if KBIO manages to take out Thursday's intraday high of $1.92 and then once it clears more resistance at $2.03 with high volume.
Traders should now look for long-biased trades in KBIO as long as it's trending above Thursday's low of $1.78 and then once it sustains a move or close above those breakout levels with volume that hits near or above 210,676 shares. If that breakout starts soon, then KBIO will set up to re-test or possibly take out its next major overhead resistance levels at $2.33 to its 50-day moving average of $2.41. Any high-volume move above $2.41 will then give KBIO a chance to tag its next major overhead resistance levels at $2.66 to $2.88, or even $3.
Solazyme
Solazyme (SZYM) operates as a homebuilder in Brazil. This stock closed up 3.7% to $9.52 a share in Thursday's trading session.
Thursday's Range: $9.12-$9.64
52-Week Range: $8.00-$15.00
Thursday's Volume: 707,000
Three-Month Average Volume: 1.44 million
From a technical perspective, SZYM bounced higher here right off some near-term support at $9 with lighter-than-average volume. This stock has been downtrending badly for the last two months and change, with shares sliding lower from its 52-week high of $15 to its low of $8.90. During that downtrend, shares of SZYM have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of SZYM now look ready to rebound and reverse its downtrend to a new uptrend in the short-term. Market players should now look for a continuation move to the upside in the short-term if SZYM manages to take out Thursday's high of $9.64 to some more near-term overhead resistance at $10 with high volume.
Traders should now look for long-biased trades in SZYM as long as it's trending above some key near-term support levels at $9 or at $8.90 and then once it sustains a move or close above $9.64 to $10 with volume that hits near or above 1.44 million shares. If that move starts soon, then SZYM will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $10.83 to its 50-day moving average of $11.16. Any high-volume move above those levels will then give SZYM a chance to tag $11.65 to $12.
To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
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At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including
CNBC.com and Forbes.com.You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
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