WINDERMERE, Fla. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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.
Constellation Energy Partners (CEP) is focused on the acquisition, development and production of oil and natural gas properties as well as related midstream assets. This stock is trading up 3.4% to $1.47 in recent trading.
Today’s Range: $1.43-$1.49
52-Week Range: $1.20-$3.24
Volume: 33,000
Three-Month Average Volume: 35,735
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From a technical perspective, CEP is pushing higher here after the stock exploded back above its 50-day moving average of $1.32 on Thursday with high volume. This move is quickly pushing CEP within range of triggering a near-term breakout trade. That trade will hit once CEP manages to take out some near-term overhead resistance levels at $1.50 to $1.61 with high volume.
Traders should now look for long-biased trades in CEP as long as it’s trending above $1.35, and then once it sustains a move or close above those breakout levels with volume that hits near or above 35,735 shares. If that breakout hits soon, then look for CEP to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.89. Any high-volume move above those levels will then put $2 to $2.28 into focus.
Xinyuan Real Estate
Xinyuan Real Estate (XIN) and its subsidiaries are mainly engaged in residential real estate development and the provision of property management services. This stock is trading up 5.3% to $2.95 in recent trading.
Today’s Range: $2.82-$2.98
52-Week Range: $1.70-$3.95
Volume: 526,000
Three-Month Average Volume: 355,680
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From a technical perspective, XIN is ripping higher here back above its 50-day moving average of $2.79 with above-average volume. This move is quickly pushing XIN within range of triggering a near-term breakout trade. That trade will hit once XIN manages to take out some near-term overhead resistance levels at $2.96 to $3.10 with high volume. At last check, XIN has hit an intraday high of $2.98 and volume is well above its three-month average volume of 355,680 shares.
Traders should now look for long-biased trades in XIN as long as it’s trending above its 50-day at $2.79, and then once it sustains a move or close above those breakout levels with volume that hits near or above 355,680 shares. If that breakout triggers soon, then XIN will have a great chance to re-test or possibly take out its next major overhead resistance levels at $3.60 to $3.85.
Life Partners
Life Partners (LPHI) is a specialty financial services company engaged in the secondary market for life insurance known as life settlements. This stock is trading up 1.7% to $2.25 in recent trading.
Today’s Range: $2.19-$2.39
52-Week Range: $1.08-$7.49
Volume: 780,000
Three-Month Average Volume: 465,348
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From a technical perspective, LPHI is bouncing modestly higher here right off some near-term support at $2.16 with above-average volume. This move is coming after LPHI recently sold off hard from $4.12 to $2.08.
Traders should now look for long-biased trades in LPHI once it manages to break out above some near-term overhead resistance levels at $2.29 to $2.78 with high volume. At last check, LPHI has hit an intraday high of $2.39 and volume is well above its three-month average action of 465,348 shares.
Traders should look for a sustained move or close above those breakout levels with volume that hits near or above its three-month average action. If that breakout hits soon, then LPHI will setup to re-test or possibly take out its next major overhead resistance levels at $3.25 to $4.12.
Microvision
Microvision (MVIS) is engaged in the development high-resolution miniature laser display and imaging engines based upon its proprietary PicoP display engine technology. This stock is trading up 1% to $2.40 in recent trading.
Today’s Range: $2.40-$2.49
52-Week Range: $1.11-$6.80
Volume: 53,000
Three-Month Average Volume: 285,737
From a technical perspective, MVIS is starting to bounce higher here right off its 50-day moving average of $2.37 with very light volume. This move is quickly pushing MVIS within range of triggering a near-term breakout trade. That trade will hit once MVIS manages to take out some near-term overhead resistance levels at $2.54 to $2.83, and then above more resistance at $2.94 to $3.11 with high volume.
Traders should now look for long-biased trades in MVIS as long as it’s trending above $2.54, and then once it sustains a move or close above the rest of those breakout levels with volume that hits near or above 285,737 shares. If that breakout triggers soon, then MVIS will setup to re-test or possibly take out its next major overhead resistance levels at $3.40 to $3.63. 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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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.
