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.
Prosensa Holding
Prosensa Holding (RNA) is engaged in the discovery and development of RNA-modulating therapeutics for the treatment of rare genetic disorders. This stock closed up 17.6% to $4.81 in Thursday's trading session.
Thursday's Range: $4.11-$4.94
52-Week Range: $3.43-$34.55
Thursday's Volume: 456,000
Three-Month Average Volume: 671,928
From a technical perspective, RNA exploded higher here right above some near-term support at $4.03 and back above its 50-day moving average of $4.40 with decent upside volume. This move is quickly pushing shares of RNA within range of triggering a major breakout trade. That trade will hit if RNA manages to take out Thursday's high of $4.94 and then once it takes out some more near-term overhead resistance at $5.35 with high volume.
Traders should now look for long-biased trades in RNA as long as it's trending above some key near-term support at $4.03, and then once it sustains a move or close above those breakout levels with volume that hits near or above 671,928 shares. If that breakout hits soon, then RNA will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $7.30.
Career Education
Career Education (CECO) is an on-ground provider of private, for-profit postsecondary education in the U.S. and also has a presence in online education. This stock closed up 1.7% to $4.68 in Thursday's trading session.
Thursday's Range: $4.50-$4.74
52-Week Range: $2.03-$6.50
Thursday's Volume: 864,000
Three-Month Average Volume: 1.19 million
From a technical perspective, CECO spiked modestly higher here right above its 50-day moving average of $4.26 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last month and change, with shares moving between $4.19 on the downside and $5.11 on the upside. Shares of CECO are now starting to trend within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if CECO manages to take out Thursday's high of $4.74, and then once it clears some more key overhead resistance levels at $4.96 to $5.11 with high volume.
Traders should now look for long-biased trades in CECO as long as it's trending above its 50-day at $4.26 or above more near-term support at $4.19 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.19 million shares. If that breakout hits soon, then CECO will set up to re-fill some of its previous gap down zone from early November that started at $5.50. Any high-volume move above $5.50 to more resistance at $5.68 will then give CECO a chance to tag $6 to its 52-week high at $6.50.
Accuride
Accuride (ACW) is a manufacturer an supplier of commercial vehicle components in North America. This stock closed up 2% to $3.49 in Thursday's trading session.
Thursday's Range: $3.43-$3.52
52-Week Range: $2.94-$6.88
Thursday's Volume: 204,000
Three-Month Average Volume: 402,220
From a technical perspective, ACW spiked modestly higher here right above some near-term support at $3.33 with lighter-than-average volume. This stock has been uptrending strong over the last month and change, with shares moving higher from its low of $3.10 to its recent high of $3.64. During that uptrend, shares of ACW have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of ACW within range of triggering a major breakout trade. That trade will hit if ACW manages to take out some near-term overhead resistance levels at $3.64 to its 50-day moving average at $3.97 with high volume.
Traders should now look for long-biased trades in ACW as long as it's trending above some near-term support levels at $3.33 or at $3.27 and then once it sustains a move or close above those breakout levels with volume that hits near or above 402,220 shares. If that breakout hits soon, then ACW will set up to re-test or possibly take out its next major overhead resistance level at $4.50.
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Empresa Distribuidora y Comercializadora Norte
Empresa Distribuidora y Comercializadora Norte (EDN), a public service company, engages in the distribution and sale of electricity in Argentina. This stock closed up 4.4% to $7.31 in Thursday's trading session.
Thursday's Range: $6.85-$7.35
52-Week Range: $1.65-$9.60
Thursday's Volume: 33,000
Three-Month Average Volume: 130,691
From a technical perspective, EDN spiked higher here right off some near-term support at $6.77 with lighter-than-average volume. This spike also occurred right above its 50-day moving average of $6.12. Shares of EDN are now quickly moving within range of triggering a near-term breakout trade. That trade will hit if EDN manages to take out Thursday's high of $7.35 to some more near-term overhead resistance at $7.90 with high volume.
Traders should now look for long-biased trades in EDN as long as it's trending above some near-term support at $6.77 or above its 50-day at $6.12 and then once it sustains a move or close above those breakout levels with volume that hits near or above 130,691 shares. If that breakout hits soon, then EDN will set up to re-test or possibly take out its next major overhead resistance levels at $9 to its 52-week high at $9.60.
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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