Stock Quotes in this Article: AFFX, GENE, GTE, LSCC

WINDERMERE, Fla. (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.

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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.

 

Gran Tierra Energy

Gran Tierra Energy (GTE) is an independent international energy company engaged in oil and gas acquisition, exploration, development and production. This stock is trading up 1% to $5.30 in recent trading.

Today’s Range: $5.29-$5.42

52-Week Range: $4.00-$6.70

Volume: 207,000

Three-Month Average Volume: 516,898

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From a technical perspective, GTE is starting to spike back above its 200-day moving average of $5.29 with light volume. This move is coming after GTE recently trended up from $4.90 to its recent high of $5.38. Shares of GTE are now moving within range of triggering a major breakout trade. That trade will hit once GTE manages to clear some near-term overhead resistance levels at $5.38 to $5.41, and then above more resistance at $5.75 with high volume.

Traders should now look for long-biased trades in GTE as long as it’s trending above its 50-day at $5.01, and then once it sustains a move or close above those breakout levels with volume that hits near or above 516,898 shares. If that breakout triggers soon, then GTE will setup to re-test or possibly take out its next major overhead resistance levels at $6.40 to $6.65.

Lattice Semiconductor

Lattice Semiconductor (LSCC) designs, develops and markets high-performance programmable logic products and related software. This stock is trading up 4.2% to $3.66 in recent trading.

Today’s Range: $3.50-$3.79

52-Week Range: $3.17-$7.18

Volume: 3.3 million

Three-Month Average Volume: 1.2 million

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From a technical perspective, LSCC is bouncing here right off some near-term support at $3.46 with monster volume. This move is quickly pushing LSCC within range of triggering a major breakout trade. That trade will hit once LSCC manages to take out some near-term overhead resistance levels at $3.82 to $3.90 with high volume.

Traders should now look for long-biased trades in LSCC once it sustains a move or close above those breakout levels with volume that hits near or above 1.2 million shares. If that breakout triggers soon, then look for LSCC to re-test or possibly take out its next major overhead resistance levels at $4.53 to $4.97.

Genetic Technologies

Genetic Technologies (GENE) provides genetic testing services and conducts out-licensing of its intellectual property relating to non-coding DNA and research and development in the areas of genetics and related fields. This stock is trading up 1% to $3.60 in recent trading.

Today’s Range: $3.53-$3.79

52-Week Range: $2.29-$6.20

Volume: 160,000

Three-Month Average Volume: 223,802

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From a technical perspective, GENE is bouncing modestly higher here right off its 50-day moving average of $3.44 with decent volume. This move is quickly pushing GENE within range of triggering a near-term breakout trade. That trade will hit once GENE manages to clear some near-term overhead resistance levels at $3.80 to $3.95, and then once it takes out more resistance at $4.22 to $4.28 with high volume. At last check, GENE has hit an intraday high of $3.79 and volume so far is below its three-month average action of 223,802 shares.

Traders should now look for long-biased trades in GENE as long as it’s trending above some near-term support at $3.36, and then once it sustains a move or close above those breakout levels with volume that hits near or above 223,802 shares. If that breakout triggers soon, then look for GENE to re-test or possibly take out its next major overhead resistance levels at $4.79 to $6.20.

Affymetrix

Affymetrix (AFFX) is engaged in developing, manufacturing and selling products and services for genetic analysis to the life science research and clinical healthcare markets. This stock is trading up 2.6% to $3.62 in recent trading.

Today’s Range: $3.50-$3.72

52-Week Range: $3.41-$5.95

Volume: 530,000

Three-Month Average Volume: 980,937

From a technical perspective, AFFX is bouncing higher here right around some near-term support at $3.41 with lighter volume. This move is following a recent gap down in price for AFFX that took the stock from around $4.50 to $3.45 with heavy volume. Traders should now look to play the next major breakout trade for AFFX. That trade will hit once AFFX takes out its gap down day high at $3.74, and then its 50-day moving average at $3.93 with high volume.

Traders should now look for long-biased trades in AFFX once it sustains a move or close above those breakout levels with volume that hits near or above 980,937 shares. If that breakout triggers soon, then AFFX could easily rip higher back towards its next major overhead resistance levels at $4.40 to $4.72. Any high-volume move above $4.72 will then put $5.20 to $5.50 into play for AFFX.

To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.


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