DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Blue-Chip Stocks to Trade for 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.
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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.
Consumer Portfolio Services
Consumer Portfolio Services (CPSS) operates as a specialty finance company in the U.S. This stock closed up 1.5% to $7.74 a share in Thursday's trading session.
Thursday's Range: $7.60-$7.80
52-Week Range: $5.61-$9.64
Thursday's Volume: 301,000
Three-Month Average Volume: 123,468
From a technical perspective, CPSS jumped modestly higher here right above its 50-day moving average of $7.39 with above-average volume. This stock has been uptrending over the last two months, with shares moving higher from its low of $6.75 to its intraday high of $7.80. During that move, shares of CPSS have been consistently making higher lows and higher highs, which is bullish technical price action. This spike higher on Thursday is starting to push shares of CPSS within range of triggering a big breakout trade. That trade will hit if CPSS manages to take out Thursday's high of $7.80 to some more key overhead resistance levels at $8 to $8.12 with high volume.
Traders should now look for long-biased trades in CPSS as long as it's trending above its 50-day at $7.39 or above more near-term support at $7.16 and then once it sustains a move or close above those breakout levels with volume that hits near or above 123,468 shares. If that breakout gets underway soon, then CPSS will set up to re-test or possibly take out its next major overhead resistance levels at $8.50 to $9, or even its 52-week high at $9.64.
Intersections
Intersections (INTX) provides subscription based consumer protection services in the U.S. and Canada. This stock closed up 4.3% to $4.56 a share in Thursday's trading session.
Thursday's Range: $4.35-$4.58
52-Week Range: $4.15-$10.22
Thursday's Volume: 76,000
Three-Month Average Volume: 116,709
From a technical perspective, INTX spiked sharply higher here right above some near-term support at $4.19 with lighter-than-average volume. This stock recently formed a triple bottom chart pattern at $4.17, $4.15 and $4.19. Following that bottom, shares of INTX have now started to trend higher and it's quickly moving within range of triggering a major breakout trade. That trade will hit if INTX manages to take out some key overhead resistance levels at $4.75 to $5 with high volume. If that breakout this, then INTX will also clear its 50-day moving average at $4.97, which is bullish.
Traders should now look for long-biased trades in INTX as long as it's trending above those triple bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 116,709 shares. If that breakout starts soon, then INTX will set up to re-fill some of its previous gap-down-day zone from May that started just above $5.50.
Durect
Durect (DRRX), a specialty pharmaceutical company, is engaged in the development of pharmaceutical products based on its proprietary drug delivery technology platforms in the U.S. and internationally. This stock closed up 3.4% to $1.51 a share in Thursday's trading session.
Thursday's Range: $1.46-$1.52
52-Week Range: $0.84-$2.69
Thursday's Volume: 177,000
Three-Month Average Volume: 264,126
From a technical perspective, DRRX jumped higher here right above some near-term support at $1.44 with lighter-than-average volume. This spike higher on Thursday is starting to push shares of DRRX within range of triggering a major breakout trade. That trade will hit if DRRX manages to take out some key overhead resistance levels at $1.55 to $1.59 and then once it clears more resistance at $1.61 to $1.66 with high volume. If that breakout hits soon, then DRRX would also clear its 200-day moving average of $1.52, which is bullish price action.
Traders should now look for long-biased trades in DRRX as long as it's trending above support at $1.44 or above its 50-day at $1.37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 264,126 shares. If that breakout triggers soon, then DRRX will set up to re-fill some of its previous gap-down-day zone from February that started near $2.20.
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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