Stock Quotes in this Article: HK, NSPH, NVTL, RPTP

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.

 

Halc

 

Halc (HK), an independent energy company, is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the U.S. This stock closed up 5.9% to $4.48 in Tuesday's trading session.

 

Tuesday's Range: $4.18-$4.50

52-Week Range: $3.16-$8.12

Tuesday's Volume: 5.62 million

Three-Month Average Volume: 4.97 million

 

From a technical perspective, HK spiked sharply higher here right above some near-term support at $4.15 with above-average volume. This stock has been uptrending strong over the last three months, with shares making mostly higher lows and higher highs, which is bullish technical price action. This spike higher on Tuesday is quickly pushing shares of HK within range of triggering a near-term breakout trade. That trade will hit if HK manages to take out some near-term overhead resistance at $4.54 and then once it clears some past resistance at $4.91 with high volume.

 

Traders should now look for long-biased trades in HK as long as it's trending above support at $4.15 or at $4 and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.97 million shares. If that breakout triggers soon, then HK will set up to re-test or possibly take out its next major overhead resistance levels at $5.73 to $6.11.

 

Raptor Pharmaceuticals

 

Raptor Pharmaceuticals (RPTP), a biopharmaceutical company, discovers, develops and commercializes anti-infective drug therapies in the U.S. and internationally. This stock closed up 5% to $8.95 in Tuesday's trading session.

 

Tuesday's Range: $8.49-$9.00

52-Week Range: $5.40-$17.72

Tuesday's Volume: 808,000

Three-Month Average Volume: 1.42 million

 

From a technical perspective, RPTP spiked sharply higher here right off some near-term support at $8.43 with lighter-than-average volume. This stock has been downtrending badly for the last month and change, with shares plunging lower from its high of $17.72 to its recent low of $8.43. During that move, shares of RPTP have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of RPTP have now moved into oversold territory, since its current relative strength index reading is 27. Oversold can always get more oversold, but it's also an area where a stock can make a powerful bounce higher from.

 

Traders should now look for long-biased trades in RPTP as long as it's trending above that recent low of $8.43 and then once it sustains a move or close above Tuesday's intraday high of $9 with volume that hits near or above 1.42 million shares. If that move starts soon, then RPTP will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $10.50, or even $11 to $11.50.

 

Nanosphere

 

Nanosphere (NSPH) provides molecular diagnostic tests that can lead to earlier disease detection, optimal patient treatment and enhanced healthcare economics. This stock closed up 7.1% to $2.25 in Tuesday's trading session.

 

Tuesday's Range: $2.07-$2.26

52-Week Range: $1.77-$4.49

Thursday's Volume: 1.22 million

Three-Month Average Volume: 736,916

 

From a technical perspective, NSPH soared higher here right above some near-term support at $2.06 with heavy upside volume. This stock recently formed a double bottom chart pattern at $2.04 to $2.01. Following that bottom, shares of NSPH have started to spike higher and move within range of triggering a near-term breakout trade. That trade will hit if NSPH manages to take out some near-term overhead resistance levels at $2.27 to $2.35 with high volume.

 

Traders should now look for long-biased trades in NSPH as long as it's trending above those double bottom support levels and then once it sustains a move or close above those breakout levels with volume that hits near or above 736,916 shares. If that breakout materializes soon, then NSPH will set up to re-test or possibly take out its next major overhead resistance levels at $2.62 to $2.69, or even $2.85 to $2.97.

 

Novatel Wireless

 

Novatel Wireless (NVTL) provides wireless broadband access solutions for the mobile communications market worldwide. This stock closed up 6.5% to $2.12 in Tuesday's trading session.

 

Tuesday's Range: $1.95-$2.13

52-Week Range: $1.66-$4.43

Tuesday's Volume: 813,000

Three-Month Average Volume: 395,834

 

From a technical perspective, NVTL ripped sharply higher here and broke out above some near-term overhead resistance at $2.11 with above-average volume. This move is quickly pushing shares of NVTL within range of triggering another major breakout trade. That trade will hit if NVTL manages to take out some near-term overhead resistance at $2.20 to its 50-day moving average of $2.30 with high volume.

 

Traders should now look for long-biased trades in NVTL as long as it's trending above Tuesday's low of $2.13 or above more key support at $1.91 and then once it sustains a move or close above those breakout levels with volume that hits near or above 395,834 shares. If that breakout hits soon, then NVTL will set up to re-fill some of its previous gap-down-day zone from March that started at $2.85.

 

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.