DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Big Stocks to Trade for Big Gains
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.
>>5 Stocks With Big Insider Buying
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.
On Track Innovations
On Track Innovations (OTIV) designs, develops and markets turnkey and OEM solutions based on its secure contactless microprocessor-based smart card technology. This stock closed up 11.1% to $1.70 in Thursday's trading session.
Thursday's Range: $1.55-$1.72
52-Week Range: $0.80-$1.98
Thursday's Volume: 656,000
Three-Month Average Volume: 139,154
From a technical perspective, OTIV skyrocketed higher here right above some near-term support at $1.48, and back above its 50-day moving average of $1.65 with heavy upside volume. This stock has been downtrending over the last month and change, with shares falling from its high of $1.88 to its recent low of $1.48. During that move, shares of OTIV have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of OTIV have now broken out of that downtrend, and its downside volatility looks over in the short-term.
Traders should now look for long-biased trades in OTIV as long as it's trending above Thursday's low of $1.55 and then once it sustains a move or close above Thursday's high of $1.72 to more resistance at $1.74 with volume that hits near or above 139,154 shares. If we get that move soon, then OTIV will set up to re-test or possibly take out its next major overhead resistance levels at $1.88 to its 52-week high at $1.98. Any high-volume move above those levels will then give OTIV a chance to trend well north of $2.
CEL-SCI
CEL-SCI (CVM) is engaged in the research and development directed at improving the treatment of cancer and other diseases by utilizing the immune system, the body's natural defense system. This stock closed up 8.8% to 86 cents per share in Thursday's trading session.
Thursday's Range: $0.76-$0.86
52-Week Range: $0.75-$3.90
Thursday's Volume: 1.44 million
Three-Month Average Volume: 368,432
From a technical perspective, CVM ripped sharply higher here right above its recent low of 75 cents per share with heavy upside volume. This stock has been downtrending badly for the last two months and change, with shares plunging lower from its high of $2.75 to that low of 75 cents. During that downtrend, shares of CVM have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed shares of CVM into oversold territory, since its current relative strength index reading is 24.96. Oversold can always get move oversold, but it's also an area where a stock can experience a powerful rebound higher from.
Traders should now look for long-biased trades in CVM as long as it's trending above its 52-week low of 75 cents and then once it sustains a move or close above Thursday's high of 86 cents to more near-term resistance levels at 88 cents to 95 cents per share with volume that hits near or above 368,432 shares. If we get that move soon, then CVM will set up to re-fill some of its previous gap down zone from earlier this month that started $1.35.
Nanosphere
Nanosphere (NSPH) develops, manufactures and markets an advanced molecular diagnostics platform, the Verigene System, which enables simple, low-cost and highly sensitive genomic and protein testing on a single platform. This stock closed up 5% to $2.04 a share in Thursday's trading session.
Thursday's Range: $1.91-$2.06
52-Week Range: $1.72-$4.49
Thursday's Volume: 535,000
Three-Month Average Volume: 635,089
From a technical perspective, NSPH spiked sharply higher here right above some near-term support at $1.88 and back above its 50-day moving average of $2.01 with decent upside volume. This stock has been trending sideways inside of a consolidation pattern for the last two months and change, with shares moving between $1.77 on the downside and just above $2.25 on the upside. This consolidation pattern is coming after shares of NSPH gapped down sharply back in August from just over $3 to $1.95. Shares of NSPH are now quickly moving within range of triggering a big breakout trade above the upper end of its recent sideways trading chart pattern. That trade will hit if NSPH manages to take out some near-term overhead resistance levels at $2.16 to $2.20, and then just above $2.25 with high volume.
Traders should now look for long-biased trades in NSPH as long as it's trending above Thursday's low of $1.91 or above more support at $1.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 635,089 shares. If that breakout hits soon, then NSPH will set up to re-fill some of its previous gap down zone from August that started just above $3.
Pendrell
Pendrell (PCO) is a fully integrated intellectual property investment and advisory firm. This stock closed up 5.4% to $2.14 in Thursday's trading session.
Thursday's Range: $2.01-$2.16
52-Week Range: $1.04-$2.71
Thursday's Volume: 232,000
Three-Month Average Volume: 393,038
From a technical perspective, PCO jumped higher here right off its 50-day moving average of $2.03 with lighter-than-average volume. This stock recently formed a major bottoming chart pattern at $1.88, $1.84, $1.89 and $1.85. Since forming that bottom, shares of PCO have started to uptrend and move within range of triggering a near-term breakout trade. That trade will hit if PCO manages to take out some near-term overhead resistance levels at $2.20 to $2.22 with high volume.
Traders should now look for long-biased trades in PCO as long as it's trending above its 50-day at $2.03 or its 200-day at $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 393,038 shares. If that breakout hits soon, then PCO will set up to re-test or possibly take out its next major overhead resistance levels at $2.50 to $2.70. Shares of PCO could even tag $3 if those levels get taken out with strong volume.
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To see more stocks that are making notable moves higher today, 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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