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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 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 a several stocks under $10 that are making large moves to the upside today.
Nautilus (NLS) is a consumer fitness products company whose principal business activities include designing, developing, sourcing and marketing cardiovascular and fitness products and related accessories for consumer home use, primarily in the U.S. and Canada. This stock is trading up 9.6% at $2.44 in recent trading.
Today’s Range: $2.40-$2.57
52-Week Range: $1.32-$3.20
Three-Month Average Volume: 237,990
Shares of NLS are soaring after the company reported first-quarter income from continuing operations that increased 136% and operating margins that improved 180 basis points.
From a technical perspective, NLS is moving up nicely here on above-average volume.
Traders should now look for long-biased trades in NLS if it can manage to close back above its 50-day moving average of $2.67 with high volume. Look for a sustained move or close above $2.67 on volume that’s near or above 237,990 shares. If we get that action soon, look for NLS to make a run at its March high of $3.04.
GTx (GTXI) is a biopharmaceutical company dedicated to the discovery, development and commercialization of small molecules that targets hormone pathways to treat cancer, osteoporosis and bone loss, muscle loss and other serious medical conditions. This stock is trading up 15.8% at $3.59 in recent trading.
Today’s Range: $3.30-$3.76
52-Week Range: $2.34-$6.86
Volume: 2.1 million
Three-Month Average Volume: 493,015
From a technical perspective, GTXI is ripping higher today as the stock moves back above its 50-day moving average of $3.46 with monster volume. This move also has GTXI flirting with its 200-day moving average of $3.66, since it hit an intraday high of $3.76.
Traders should now look for long-biased trades if GTXI can manage to sustain a high-volume move or close back above its 200-day moving average. Look for volume on that move that’s near or above 493,015 shares. If we get that close today, look for GTXI to make a run at its March high of $4.07. Keep in mind that GTXI has a huge gap from February that started at $6 that could get filled if the stock can maintain an uptrend above $4.07.
Lionbridge Technologies (LIOX) provides a suite of language, development and testing solutions to businesses, particularly in the technology, mobile and telecommunications, Internet and media, life sciences, government, manufacturing, automotive, retail and aerospace industries. This stock is trading up 5.2% at $2.83 in recent trading.
Today’s Range: $2.80-$3.07
52-Week Range: $1.94-$3.63
Three-Month Average Volume: 151,615
Shares of LIOX are moving notably higher today after the company reported revenue of $112.1 million, an increase of $12.4 million compared to the first-quarter of 2011, reflecting year-over-year growth of 12%.
From a technical perspective, LIOX is gapping up sharply higher here back above both its 50-day and 200-day moving averages on above average volume. This move is quickly pushing the stock within range of triggering a breakout trade. That trade will hit once LIOX can take out some past overhead resistance at $3.06 to $3.08 with high-volume.
Traders should look for long-biased trades if LIOX can sustain a move or close above those levels on volume that’s near or above 151,615 shares. If we get that action soon, look for LIOX to make a run at its next significant overhead resistance levels at $3.50 to $3.75 in the near future.
QuickLogic (QUIK) is a fabless semiconductor company, develops and markets low power customizable semiconductor solutions for tablets, smartbooks, netbooks, cloudbooks, smartphones, datacards, and mobile enterprise products. This stock is trading up 7.9% at $3.54 in recent trading.
Today’s Range: $3.25-$3.62
52-Week Range: $1.84-$4.64
Three-Month Average Volume: 149,747
From a technical perspective, QUIK is triggering a major breakout trade today now that this stock is moving above some near-term overhead resistance at $3.34 with monster volume.
Traders should continue to look for long-biased trades as long as QUIK is trending above $3.34 with strong upside volume, and if it can manage to close near its daily highs today. I would consider any upside volume day that registers near or above 149,747 shares as bullish. If we continue to see that action, then look for QUIK to continue its uptrend and potentially make a run at its next significant overhead resistance levels of $4.64 to $5 in the near future.
Vermillion (VRML) is engaged in the discovery, development and commercialization of diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. This stock is trading up 10% to $2.06 in recent trading.
Today’s Range: $1.84-$2.21
52-Week Range: $0.97-$7.60
Three-Month Average Volume: 677,726
Shares of VRML are skyrocketing today after Bloomberg reported that the company has received a patent for its platelet biomarkers for cancer.
From a technical perspective, VRML is bouncing hard off its 50-day moving average of $1.87 today, and it’s moving above its 200-day moving average of $1.99 on decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once VRML takes out some near-term overhead resistance at $2.37 to $2.46 with high-volume.
Traders should now look for long-biased trades if VRML can sustain a move or close above those levels with volume that’s near or above 677,726 shares. If that breakout triggers soon, look for VRML to make a run at its March high of $3.02 or possibly even $3.50.
Black Diamond (BDE), together with its subsidiaries, engages in designing, manufacturing, and marketing outdoor performance products for climbing, mountaineering, backpacking, skiing, and other outdoor recreation activities in the U.S. and internationally. This stock is trading up 4.4% to $9.45 in recent trading.
Today’s Range: $9.03-$9.70
52-Week Range: $6.00-$10.10
Three-Month Average Volume: 134,534
Shares of BDE are ripping higher today after the company said net income was up 122% to $2.59 million from $1.168 million for the period ending March 31. Revenue jumped 19% to $46.41 million from $39.05 million as domestic sales increased 19% to $18.8 million and international revenues expanded 20% to $27.6 million.
From a technical perspective, BDE is challenging its 50-day moving average of $9.43 today on decent volume.
Traders should now look for long-biased trades in BDE if it can manage to close above its 50-day, and then trigger a breakout trade above some near-term overhead resistance at $10.10 with high-volume. Look for volume off a sustained move or close over $10.10 that’s near or above 134,534 shares. If we get that action soon, BDE will enter new 52-week high territory, and the stock should continue its uptrend towards $11 to $12.
Star Scientific (CIGX) is a technology-oriented company with a focus to reduce the harm associated with the use of tobacco. This stock is trading up 5.3% to $3.52 in recent trading.
Today’s Range: $3.26-$3.58
52-Week Range: $1.50-$5.35
Three-Month Average Volume: 1.7 million
Shares of CIGX are moving higher today after the company confirms that Roskamp Institute reported beneficial effects of nutritional supplementation with anatabine in an animal model of multiple sclerosis.
From a technical perspective, CIGX is ripping back above its 50-day moving average of $3.42 here on light volume. This move is quickly pushing CIGX within range of a near-term breakout trade. That trade will hit once CIGX takes out some near-term overhead resistance levels at $3.71 to $3.75 with high-volume.
Traders should now look for long-biased trades if CIGX can sustain a move or close above those levels on volume that’s near or above 1,665,350 shares. If we get that action soon, look for CIGX to make a run at $4 to $4.25 or possibly $4.50 in the near-term.
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.