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 today.
Zagg
Zagg (ZAGG) designs, manufactures and distributes creative product solutions such as protective coverings, keyboards, keyboard cases, earbuds, mobile power solutions and device cleaning accessories for mobile devices under the family of ZAGG brands. This stock closed up 4% to $4.92 in Thursday's trading session.
Thursday's Range: $4.73-$4.92
52-Week Range: $4.21-$8.24
Thursday's Volume: 365,000
Three-Month Average Volume: 429,365
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From a technical perspective, ZAGG jumped sharply higher here right above its 50-day moving average of $4.56 with decent upside volume. This move is quickly pushing shares of ZAGG within range of triggering a major breakout trade. That trade will hit if ZAGG manages to take out some near-term overhead resistance levels at $4.93 to some past resistance at $5.06 with high volume.
Traders should now look for long-biased trades in ZAGG as long as it's trending above its 50-day at $4.56 and then once it sustains a move or close above those breakout levels with volume that hits near or above 429,365 shares. If that breakout hits soon, then ZAGG will set up to re-fill its previous gap down zone from July that started near $6. Any high-volume move above $6 will then put another major gap down zone from May that started near $7.
Morgans Hotel Group
Morgans Hotel Group (MHGC) operates, owns, acquires, develops and redevelops boutique hotels, primarily in gateway cities and select resort markets in the U.S., Europe and other international locations. This stock closed up 2.2% to $6.91 in Thursday's trading session.
Thursday's Range: $6.73-$6.92
52-Week Range: $4.66-$8.15
Thursday's Volume: 341,000
Three-Month Average Volume: 177,345
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From a technical perspective, MHGC rose modestly higher here back above its 50-day moving average of $6.88 with above-average volume. This move is quickly pushing shares of MHGC within range of triggering a near-term breakout trade. That trade will hit if MHGC manages to take out some near-term overhead resistance levels at $6.98 to $7.10 with high volume.
Traders should now look for long-biased trades in MHGC as long as it's trending above its 200-day at $6.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 177,345 shares. If that breakout triggers soon, then MHGC will set up to re-test or possibly take out its next major overhead resistance levels at $7.83 to its 52-week high at $8.15.
KiOR
KiOR (KIOR) is a next-generation renewable fuels company, producing cellulosic gasoline and diesel from abundant non-food biomass. This stock closed up 9.5% to $2.64 in Thursday's trading session.
Thursday's Range: $2.36-$2.65
52-Week Range: $1.30-$8.48
Thursday's Volume: 625,000
Three-Month Average Volume: 829,868
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From a technical perspective, KIOR ripped sharply higher here right above its 50-day moving average of $2.23 with lighter-than-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $2.06 to its recent high of $2.87. During that uptrend, shares of KIOR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of KIOR within range of triggering a big breakout trade. That trade will hit if KIOR manages to take out some near-term overhead resistance levels at $2.87 to $3.10 with high volume.
Traders should now look for long-biased trades in KIOR as long as it's trending above its 50-day at $2.23 or above more near-term support at $2.20 and then once it sustains a move or close above those breakout levels with volume that hits near or above 829,868 shares. If that breakout triggers soon, then KIOR will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4.
TravelCenters of America
TravelCenters of America (TA) operates and franchises travel centers along the U.S. interstate highway system. Its products and service include diesel fuel, gasoline, truck repair and maintenance services and restaurants. This stock closed up 5.2% to $8.02 in Thursday's trading session.
Thursday's Range: $7.61-$8.02
52-Week Range: $4.18-$12.50
Thursday's Volume: 219,000
Three-Month Average Volume: 349,042
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From a technical perspective, TA ripped higher here right off its 50-day moving average of $7.73 with lighter-than-average volume. This move is quickly pushing shares of TA within range of triggering a near-term breakout trade. That trade will hit if TA manages to take out some near-term overhead resistance levels at $8.18 to $8.59, and then once it clears its 200-day moving average of $8.64 with high volume.
Traders should now look for long-biased trades in TA as long as it's trending above its 50-day at $7.73 or above more support at $7.55 and then once it sustains a move or close above those breakout levels with volume that hits near or above 349,042 shares. If that breakout hits soon, then TA will set up to re-test or possibly take out its next major overhead resistance level at $9.50. Any high-volume move above $9.50 will then give TA a chance to re-fill some of its previous gap down zone from August that started at $11.29.
Real Goods Solar
Real Goods Solar (RSOL) is a residential and commercial solar energy engineering, procurement an construction firm. This stock closed up 7.8% to $4.13 a share in Thursday's trading session.
Thursday's Range: $3.85-$4.23
52-Week Range: $0.40-$7.17
Thursday's Volume: 7.37 million
Three-Month Average Volume: 2.74 million
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From a technical perspective, RSOL spiked sharply higher here with monster upside volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of $1.70 to its recent high of $4.64. During that uptrend, shares of RSOL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of RSOL within range of triggering a near-term breakout trade. That trade will hit if RSOL manages to take out Thursday's high of $4.23, and then once it clears some near-term overhead resistance at $4.64 with high volume.
Traders should now look for long-biased trades in RSOL as long as it's trending above Thursday's low of $3.85 or above more support at $3.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.74 million shares. If that breakout hits soon, then RSOL will set up to re-test or possibly take out its next major overhead resistance levels at $6 to its 52-week high at $7.17.
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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