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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Sizmek
Sizmek (SZMK) provides online advertising delivery and optimization services worldwide. This stock closed up 8.5% to $5.45 in Thursday's trading session.
Thursday's Range: $5.00-$5.64
52-Week Range: $4.85-$13.25
Thursday's Volume: 427,000
Three-Month Average Volume: 158,498
From a technical perspective, SZMK ripped sharply higher here right above its new 52-week low of $4.85 with above-average volume. This stock has been under heavy selling pressure over the last two months, with shares falling sharply lower from its high of $9.93 to its new 52-week low of $4.85. That downside volatility has increased notably over the last few trading sessions, with the stock gapping down from over $7 to $5.30 with heavy downside volume. That said, shares of SZMK have now started to rebound higher off that $4.85 low with strong upside volume flows. Market players should now look for a continuation move to the upside in the short-term if SZMK manages to take out Thursday's intraday high of $5.64 with strong volume.
Traders should now look for long-biased trades in SZMK as long as it's trending above Thursday's intraday low of $5 or above its 52-week low of $4.85 and then once it sustains a move or close above $5.64 with volume that hits near or above 158,498 shares. If that move begins soon, then SZMK will set up to re-test or possibly take out its next major overhead resistance level at its gap-down-day high of $6.20. Any high-volume move above $6.20 will then give SZMK a chance to re-fill some of that gap-down-day zone that started just above $7.
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MagicJack VocalTec
MagicJack VocalTec (CALL), together with its subsidiaries, operates as a cloud-based communications company that provides voice-over-Internet-protocol services in the U.S. This stock closed up 6.3% to $9.17 in Thursday's trading session.
Thursday's Range: $8.52-$9.24
52-Week Range: $8.50-$25.37
Thursday's Volume: 448,000
Three-Month Average Volume: 505,289
From a technical perspective, CALL ripped sharply higher here right off its new 52-week low of $8.50 with decent upside volume flows. This stock has been decimated by the sellers over the last four months and change, with shares plunging lower from its high of $16.12 to its new 52-week low of $8.50. During that move, shares of CALL have been making mostly lower highs and lower lows, which is bearish technical price action. Over just the last month and change, shares of CALL have been nothing but a downside volatility nightmare, since the stock has trended lower on a closing basis for the majority of those trading sessions. That said, shares now look ready for a temporarily relief rally, since the stock broke out on Thursday above some near-term overhead resistance at $9.15. Market players should now look for a continuation move to the upside in the short-term if CALL manages to take out Thursday's intraday high of $9.24 to some more key near-term overhead resistance at $10.01 with high volume.
Traders should now look for long-biased trades in CALL as long as it's trending above its 52-week low of $8.50 and then once it sustains a move or close above $9.24 to $10.01 with volume that hits near or above 505,289 shares. If that move develops soon, then CALL will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $11.07 to $12, or even $12.70 a share.
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Molycorp
Molycorp (MCP) produces and sells rare earths and rare metal materials in the U.S. and internationally. This stock closed up 4.1% to $1.50 a share in Thursday's trading session.
Thursday's Range: $1.41-$1.54
52-Week Range: $1.14-$6.45
Thursday's Volume: 2.88 million
Three-Month Average Volume: 5.07 million
From a technical perspective, MCP trended sharply higher here right above some near-term support at $1.30 with lighter-than-average volume. This stock has been uptrending a bit over the last few weeks, with shares moving higher from its low of $1.14 to its recent high of $1.63. During that move, shares of MCP have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Thursday is now quickly pushing shares of MCP within range of triggering a big breakout trade. That trade will hit if MCP manages to take out some key near-term overhead resistance levels at $1.63 to its 50-day moving average of $1.64 with high volume.
Traders should now look for long-biased trades in MCP as long as it's trending above some key near-term support at $1.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 5.07 million shares. If that breakout develops soon, then MCP will set up to re-test or possibly take out its next major overhead resistance levels at $1.75 to $1.80, or even $1.90 to $2.
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Rubicon Project
Rubicon Project (RUBI) , a technology company, is engaged in automating the buying and selling of advertising. This stock closed up 3.6% to $9.98 a share in Thursday's trading session.
Thursday's Range: $9.50-$10.18
52-Week Range: $8.76-$23.20
Thursday's Volume: 369,000
Three-Month Average Volume: 321,062
From a technical perspective, RUBI bounced higher here with above-average volume. This spike to the upside on Thursday is quickly pushing shares of RUBI within range of triggering a near-term breakout trade. That trade will hit if RUBI manages to take out Thursday's intraday high of $10.18 to its 50-day moving average of $10.64 with high volume.
Traders should now look for long-biased trades in RUBI as long as it's trending above Thursday's intraday low of $9.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 321,062 shares. If that breakout begins soon, then RUBI will set up to re-test or possibly take out its next major overhead resistance levels at $12 to $12.63, or even $13.09.
-- 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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