- 3 Biotech Stocks Spiking on Big Volume
- 2 Unusual-Volume Stocks in Breakout Territory
- 2 Stocks Approaching New 52-Week Highs on Big Volume
- 3 Stocks Rising on Unusual Volume
- 5 Stocks Ready for Breakouts
3 Stocks Under $10 Moving Higher - views
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 % moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst like a recent earnings release. Sometimes stocks making big % moves have been hit with an analyst upgrade or an analyst upgrade.
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 several stocks under-$10 that are making large percentage moves to the upside today.
Threshold Pharmaceuticals (THLD) is a biotechnology company focused on the discovery and development of drugs targeting the microenvironment of solid tumors as novel treatments for patients living with cancer. This stock is trading up 4.6% at $8.33 in recent trading.
Today’s Range: $8.27-$8.77
52-Week Range: $1.18-$8.50
Volume: 4.4 million
Three-Month Average Volume: 3.1 million
From a technical perspective, THLD is ripping higher today on monster volume, and the stock has now entered new 52-week high territory.
Traders should continue to look for long-biased trades as long as THLD can manage to close near its daily highs, and well above today’s low of $8.27. If we get that action, then look for THLD to tag $10 in the very near future. The probability if $10 getting hit will increase as long as THLD is trending above $8.27 with strong upside volume flows.
Charming Shoppes (CHRS) is a multi-brand, specialty apparel retailer with a market share in women’s plus-size specialty apparel. This stock is trading up 6.2% to $5.98 in recent trading.
Today’s Range: $5.66-$6.05
52-Week Range: $2.29-$6.08
Volume: 2.4 million
Three-Month Average Volume: 1.5 million
From a technical perspective, CHRS is ripping higher today on monster volume right above its 50-day moving average of $5.48. This strong uptrend has now pushed CHRS within range of triggering a major near-term breakout. That breakout will hit once CHRS takes out some near-term overhead resistance at 6.05 to $6.08 with volume.
Traders should now look for long-biased trades if CHRS can sustain a move and close above those levels on volume that’s near or well above 1,504,560 shares. If we get that action soon, then look for CHRS to re-test its next significant overhead resistance levels at $6.32 to $6.91 in the near future.
Charming Shoppes was also one of my earnings short-squeeze plays this week.
Agenus (AGEN) is a biotechnology company focused on the development and commercialization of technologies to treat cancers and infectious diseases, based on immunological approaches. This stock is trading up 5.3% to $6.28 in recent trading.
Today’s Range: $6.12-$6.60
52-Week Range: $1.92-$6.72
Three-Month Average Volume: 220,406
From a technical perspective, AGEN is spiking higher on heavy volume, and its quickly approaching a major breakout trade. That breakout will hit once AGEN can manage to take out some past overhead resistance levels at $6.72 to $6.96 with volume.
Traders should now look for long-biased trades if AGEN can sustain a move and close above those levels on volume that’s near or well above 220,406 shares. If we get that action soon, look for AGEN to make a run at its next major overhead resistance levels at $8.88 to $10.32 in the near future.
To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.