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.
With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
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Lincoln Educational
Lincoln Educational (LINC), together with its subsidiaries, provides various career-oriented post-secondary education services in the U.S. This stock closed up 5.9% to $2.84 a share in Thursday's trading session.
Thursday's Range: $2.70-$2.84
52-Week Range: $2.08-$5.71
Thursday's Volume: 93,000
Three-Month Average Volume: 180,217
From a technical perspective, LINC ripped higher here right above some near-term support at $2.54 with lighter-than-average volume. This stock has been uptrending over the last month, with shares moving higher from its low of $2.08 to its recent high of $2.94. During that uptrend, shares of LINC have been consistently making higher lows and higher highs, which is bullish technical price action. This uptrend started after shares of LINC declined sharply in early August from $4 to $2.08. Shares of LINC are now quickly approaching a big breakout trade. That trade will hit if LINC manages to take out Thursday's intraday high of $2.84 to more resistance at $2.94 with high volume.
Traders should now look for long-biased trades in LINC as long as it's trending above some key near-term support levels at $2.54 or above $2.31 and then once it sustains a move or close above those breakout levels with volume that hits near or above 180,217 shares. If that breakout develops soon, then LINC will set up to re-test or possibly take out its next major overhead resistance level at its 50-day moving average of $3.33 to $3.60, or even $4.
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Neogenomics
Neogenomics (NEO) operates a network of cancer-focused testing laboratories providing genetic and molecular testing services to hospitals, pathologists, oncologists, urologists, other clinicians and researchers, and other laboratories in the U.S. This stock closed up 1.8% to $5.60 a share in Thursday's trading session.
Thursday's Range: $5.45-$5.64
52-Week Range: $2.25-$5.77
Thursday's Volume: 552,000
Three-Month Average Volume: 608,202
From a technical perspective, NEO spiked modestly higher here and broke out above some near-term overhead resistance at $5.54 with decent upside volume flows. This move higher on Thursday is starting to push shares of NEO within range of triggering a big breakout trade. That trade will hit if NEO manages to take out some key near-term overhead resistance levels at $5.60 to its 52-week high at $5.77 with high volume.
Traders should now look for long-biased trades in NEO as long as it's trending above some key near-term support levels at $5.25 or above $5.10 and then once it sustains a move or close above those breakout levels with volume that hits near or above 608,202 shares. If that breakout triggers soon, then NEO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6.50 to $7.
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IRadimed
IRadimed (IRMD), develops, manufactures, markets and distributes magnetic resonance imaging compatible products in the U.S. and internationally. This stock closed up 7.4% to $7.68 in Thursday's trading session.
Thursday's Range: $6.90-$7.69
52-Week Range: $6.26-$13.60
Thursday's Volume: 151,000
Three-Month Average Volume: 67,503
From a technical perspective, IRMD ripped higher here right above its all-time low of $6.26 with above-average volume. This stock recently collapsed lower over the past few trading sessions, with shares falling sharply from $11.92 to $6.26 with heavy downside volume. That move has now pushed shares of IRMD into oversold territory, since its current relative strength index reading is 27.41. Shares of IRMD have now started to bounce off oversold levels with some decent upside volume flows. Market players should now look for a continuation move to the upside in the short-term if IRMD manages to take out Thursday's intraday high of $7.69 with high volume.
Traders should now look for long-biased trades in IRMD as long as it's trending above Thursday's intraday low of $6.90 and then once it sustains a move or close above $7.69 with volume that hits near or above 67,503 shares. If that move starts soon, then IRMD will set up to rebound off oversold levels and potentially tag $8.50 to $9, or even $9.50.
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China Ming Yang Wind Power Group
China Ming Yang Wind Power Group (MY) designs, manufactures, sells and services megawatt-class wind turbines in the People's Republic of China and the Republic of India. This stock closed up 4.3% to $3.11 in Thursday's trading session.
Thursday's Range: $2.96-$3.13
52-Week Range: $1.66-$4.34
Thursday's Volume: 1.01 million
Three-Month Average Volume: 1.24 million
From a technical perspective, MY spiked sharply higher here back above its 50-day moving average of $3.07 with decent upside volume flows. This move to the upside is following a recent pullback for shares of MY that took the stock from its high of $3.58 to its 200-day moving average. Shares of MY are now starting to push within range of triggering a near-term breakout trade. That trade will hit if MY manages to take out some near-term overhead resistance at $3.15 with high volume.
Traders should now look for long-biased trades in MY as long as it's trending above some key near-term support levels at its 200-day of $2.87 to $2.86 and then once it sustains a move or close above $3.15 with volume that hits near or above 1.24 million shares. If that breakout kicks off soon, then MY will set up to re-test or possibly take out its next major overhead resistance level at $3.58 to $3.61, or even $3.88.
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Aeropostale
Aeropostale (ARO), together with its subsidiaries, operates as a mall-based specialty retailer of casual apparel and accessories. This stock closed up 3.1% to $4.25 a share in Thursday's trading session.
Thursday's Range: $4.11-$4.28
52-Week Range: $3.10-$10.68
Thursday's Volume: 3.40 million
Three-Month Average Volume: 3.50 million
From a technical perspective, ARO jumped higher here right above some near-term support at $4 with decent upside volume flows. This stock has been uptrending over the last month, with shares moving higher from its low of $3.14 to its intraday high of $4.28. During that uptrend, shares of ARO have been making mostly higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move to the upside in the short-term if ARO manages to clear Thursday's intraday high of $4.28 with high volume.
Traders should now look for long-biased trades in ARO as long as it's trending above some near-term support at $4 and then once it sustains a move or close above $4.28 with volume that hits near or above 3.50 million shares. If that move starts soon, then ARO will set up to re-test or possibly take out its next major overhead resistance levels at $4.94 to $5.09, or even $5.43.
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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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