DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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 today.
Kandi Technologies Group
Kandi Technologies Group (KNDI) is engaged in designing, developing, manufacturing and commercializing electrical vehicles, all-terrain vehicles, go-karts and specialized automobiles related products for the People's Republic of China and global markets. This stock closed up 5.3% to $5.35 in Tuesday's trading session.
Tuesday's Range: $5.21-$5.55
52-Week Range: $3.08-$8.50
Tuesday's Volume: 1.78 million
Three-Month Average Volume: 1.72 million
From a technical perspective, KNDI jumped higher here right above some near-term support at $5.07 with above-average volume. This move is quickly pushing shares of KNDI within range of triggering a near-term breakout trade. That trade will hit if KNDI manages to take out Tuesday's high of $5.55 to some more resistance at $5.72 with high volume.
Traders should now look for long-biased trades in KNDI as long as it's trending above some near-term support at $5.07 or above its 50-day at $4.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.72 million shares. If that breakout hits soon, then KNDI will set up to re-test or possibly take out its next major overhead resistance levels at $6.50 to $7.
Gafisa
Gafisa (GFA) is a homebuilder in Brazil. This stock closed up 5% to $3.13 in Tuesday's trading session.
Tuesday's Range: $2.97-$3.15
52-Week Range: $2.22-$5.24
Tuesday's Volume: 1.70 million
Three-Month Average Volume: 1.77 million
From a technical perspective, GFA ripped higher here right above some near-term support at $2.80 with decent upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $2.27 to its intraday high of $3.15. During that move, shares of GFA have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of GFA within range of triggering a big breakout trade. That trade will hit if GFA manages to take out Tuesday's high of $3.15 to some past resistance at $3.30 with high volume.
Traders should now look for long-biased trades in GFA as long as it's trending above support at $2.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.77 million shares. If that breakout triggers soon, then GFA will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $3.68 to more resistance at $4.20 to $4.70.
Oi
Oi (OIBR) provides telecommunication services in Brazil. This stock closed up 1.6% to $1.87 in Tuesday's trading session.
Tuesday's Range: $1.83-$1.89
52-Week Range: $1.42-$4.51
Tuesday's Volume: 2.61 million
Three-Month Average Volume: 4.32 million
From a technical perspective, OIBR rose modestly higher here right above its 50-day moving average of $1.72 with lighter-than-average volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $1.42 to its intraday high of $1.89. During that move, shares of OIBR have been consistently making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing shares of OIBR within range of triggering a near-term breakout trade. That trade will hit if OIBR manages to take out some near-term overhead resistance levels at $1.89 to $2.04 with high volume.
Traders should now look for long-biased trades in OIBR as long as it's trending above its 50-day at $1.72 or above more support at $1.60 and then once it sustains a move or close above those breakout levels with volume that's near or above 4.32 million shares. If that breakout hits soon, then OIBR will set up to re-test or possibly take out its next major overhead resistance levels at $2.25 to $2.29. Any high-volume move above those levels will then give OIBR a chance to tag $2.50 to $2.75.
Molycorp
Molycorp (MCP) is a rare earth company. This stock closed up 4.6% to $6.73 in Tuesday's trading session.
Tuesday's Range: $6.46-$6.87
52-Week Range: $4.70-$14.44
Tuesday's Volume: 8.04 million
Three-Month Average Volume: 6.17 million
From a technical perspective, MCP spiked notably higher here right above some near-term support at $6.37 with above-average volume. This stock has been uptrending modestly higher for the last month, with shares moving up from its low of $5.95 to its recent high of $6.98. During that move, shares of MCP have been consistently making higher lows and higher highs, which is bullish technical price action. This spike on Tuesday briefly pushed shares of MCP back above its 50-day moving average of $6.75. Shares of MCP are now starting to move within range of triggering a near-term breakout trade. That trade will hit if MCP manages to take out some near-term overhead resistance levels at $6.98 to $7.13 with high volume.
Traders should now look for long-biased trades in MCP as long as it's trending above support at $6.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 6.17 million shares. If that breakout hits soon, then MCP will set up to re-test or possibly take out its next major overhead resistance levels at $7.73 to $8.06. Any high-volume move above those levels will then give MCP a chance to tag its next major overhead resistance level at $9.25.
Global Cash Access
Global Cash Access (GCA) is a global provider of innovative cash access and data intelligence services and solutions to the gaming industry. This stock closed up 2% to $8 in Tuesday's trading session.
Tuesday's Range: $7.82-$8.00
52-Week Range: $5.71-$8.46
Tuesday's Volume: 442,000
Three-Month Average Volume: 502,128
From a technical perspective, GCA spiked modestly higher here right off some near-term support at $7.80 with decent upside volume. This stock has been trending sideways inside of a consolidation pattern for the last month and change, with shares moving between $7.50 on the downside and $8.17 on the upside. Shares of GCA are now starting to move within range of triggering a major breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if GCA manages to take out some near-term overhead resistance levels at $8.03 to $8.17 and then once it clears more past resistance at $8.50 to $8.71 with high volume.
Traders should now look for long-biased trades in GCA as long as it's trending above its 50-day at $7.43 and then once it sustains a move or close above those breakout levels with volume that hits near or above 502,128 shares. If that breakout hits soon, then GCA will set up to enter new 52-week-high territory above $8.46, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $11.
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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