Stock Quotes in this Article: ZNGA ZAZA AMBA PC CZR HALO MLNK

WINDERMERE, Fla. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

Stocks making large moves like these are favorites among short-term traders who jump into these names to try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because the 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 Thursday.

    Zynga (ZNGA)

    This company operates as a social game developer with 232 million average MAUs in 166 countries. This stock is trading up 5.8% to $2.26 in recent trading.

    Today’s Range: $2.12-$2.30

    52-Week Range: $2.09-$15.91

    Volume: 10.53 million

    Three-Month Average Volume: 17.35 million

    From a technical perspective, ZNGA is ripping higher here right off some previous support levels at $2.10 to $2.09 with decent volume. This spike is coming after shares of ZNGA have dropped in the last three months from $3.40 to $2.09. This action Thursday is now moving ZNGA within range of triggering a near-term breakout trade. That trade will hit once ZNGA manages to take out some near-term overhead resistance levels at $2.37 to $2.62 with high volume.

    Traders should now look for long-biased trades in ZNGA as long as it’s trending above that near-term support level at $2.09 and once it sustains a move or close above those breakout levels with volume that hits near or above 17.35 million shares. If that breakout triggers soon, then ZNGA will set up to re-test or possibly take out its next major overhead resistance levels at $3.24 to $3.40.

     

    Any high-volume move above $3.40 would then give ZNGA a chance to re-fill some of its previous gap down zone from July that started at over $5.

     

    ZaZa Energy (ZAZA)

    This company is a privately held independent exploration and production company focused on the exploration and development of unconventional onshore oil and gas resources in the U.S. This stock is trading up 1% to $1.98 in recent trading.

    Today’s Range: $1.88-$2.13

    52-Week Range: $1.20-$5.49

    Volume: 1.15 million

    Three-Month Average Volume: 358,814

    From a technical perspective, ZAZA is bouncing modestly higher here with above-average volume. This stock has exploded higher during the last two trading sessions, with shares running from $1.30 to its recent high of $2.19 with big volume. That move now has ZAZA trending within range of triggering a near-term breakout trade. That trade will hit once ZAZA manages to take out some near-term overhead resistance at $2.19 and then once it clears its 50-day at $2.35 with high volume.

    Traders should now look for long-biased trades in ZAZA once it manages to sustain a move or close above those breakout levels at $2.19 to $2.35 with volume that hits near or above 358,814 shares. If that breakout triggers soon, then look for ZAZA to potentially make a run at $3 to its 200-day moving average of $3.64.

    Ambarella (AMBA)

    This company is a developer of semiconductor processing solutions for video that enable high-definition video capture, sharing and display. This stock is trading up 1.4% to $7.99 in recent trading.

    Today’s Range: $7.60-$8.50

    52-Week Range: $5.55-$8.84

    Volume: 67,000

    Three-Month Average Volume: 329,750

    From a technical perspective, AMBA is bouncing higher Thursday right off some near-term support at $7.50 with light volume. This move is quickly pushing AMBA within range of triggering a major breakout trade. That trade will hit once AMBA manages to take out its all-time high of $8.84 with high volume.

    Traders should now look for long-biased trades in AMBA as long as it’s trending above that near-term support level at $7.50, and then once it sustains a move or close above $8.84 with volume that hits near or above 329,750 shares. If that breakout triggers soon, then look for AMBA to make a run north of $10.

    Panasonic (PC)

    This company offers a range of products, systems and components for consumer, business and industrial use based on sophisticated electronics and precision technology, expanding to building materials and equipment, and housing business. This stock is trading up 6% to $4.91 in recent trading.

    Today’s Range: $4.82-$4.92

    52-Week Range: $4.61-$9.56

    Volume: 874,000

    Three-Month Average Volume: 459,913

    From a technical perspective, PC is trending higher here with above-average volume. This stock was hammered by the sellers during the last month, with shares dropping from $6.51 to its recent low of $4.61 with heavy selling volume. That said, the stock has now started to stabilize just under $5 and it’s quickly setting up to trigger a near-term breakout trade. That trade will hit once PC manages to take out some near-term overhead resistance levels at $4.95 to $5.25 with high volume.

    Traders should now look for long-biased trades in PC as long as it’s trending above its recent low of $4.61 and once it sustains a move or close above those breakout levels with volume that hits near or above 459,913 shares. If that breakout triggers soon, then PC could see a powerful bounce that takes the stock back towards its 50-day moving average of $6.21.

     

    Keep in mind that shares of PC are extremely oversold, since its current relative strength index (RSI) reading is now 31. Oversold can always get more oversold, but if PC triggers that breakout soon, then we could see a large spike higher.

     

    Caesars Entertainment (CZR)

    This is a casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. This stock is trading up 9% to $4.95 in recent trading.

    Today’s Range: $4.52-$5.00

    52-Week Range: $4.52-$17.90

    Volume: 412,000

    Three-Month Average Volume: 311,175

    From a technical perspective, CZR is bouncing strongly to the upside here with above-average volume. This stock has been downtrending badly for the last six months, with shares plunging from $12.45 to its recent low of $4.52.

     

    During that downtrend, shares of CZR have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed CZR into oversold territory, since its current relative strength index reading is 33. Shares of CZR are now spiking and nearing a breakout trade. That trade will hit once CZR manages to take out some near-term overhead resistance at $5.28 with high volume.

     

    Traders should now look for long-biased trades in CZR as long as it’s trending above Thursday’s low of $4.52 and once it sustains a move or close $5.28 with volume that hits near or above 311,175 shares. If that breakout triggers soon, then look for CZR to make a run at its 50-day moving average of $6.34, or at its next significant overhead resistance levels at $6.75 to $7.06.

    Halo Therapeutics (HALO)

    This is a biopharmaceutical company engaged in developing and commercializing innovative products that advance patient care. This stock is trading up 6.4% to $5.39 in recent trading.

    Today’s Range: $5.17-$5.41

    52-Week Range: $3.86-$13.50

    Volume: 567,000

    Three-Month Average Volume: 827,776

    From a technical perspective, HALO is bouncing higher here right off some near-term support at $5 with decent volume. This stock has been downtrending badly for the last two months, with shares falling from $8.65 to its recent low of $4.80. During that downtrend, shares of HALO have been consistently making lower highs and lower lows, which is bearish technical price action.

     

    That said, the stock is now starting to come off its recent low and move within range of triggering a near-term breakout trade. That trade will hit once HALO manages to take out some near-term overhead resistance levels at $5.48 to $5.90 and once it takes out its 50-day moving average of $6.15 with high volume.

     

    Traders should now look for long-biased trades in HALO as long as it’s trending above $5, and then once it sustains a move or close above those breakout levels with volume that hits near or above 827,776 shares. If that breakout triggers soon, then HALO will set up to potentially make a run at its 200-day moving average of $8.38.

    ModusLink Global Solutions (MLNK)

    This company executes comprehensive supply chain and logistics services that improve clients' revenue, cost, sustainability and customer experience objectives. This stock is trading up 10.7% to $3.35 in recent trading.

    Today’s Range: $2.86-$3.50

    52-Week Range: $2.60-$6.00

    Volume: 207,000

    Three-Month Average Volume: 93,267

    From a technical perspective, MLNK is soaring higher here back above some near-term resistance at $3.06 and above its 50-day moving average of $3.33 with above-average volume. This move is now pushing MLNK within range of triggering another major breakout trade. That trade will hit once MLNK manages to take out some near-term overhead resistance levels at $3.96 to its 200-day moving average of $4.09 with high volume.

    Traders should now look for long-biased trades in MLNK as long as it’s trending above its 50-day at $3.33, and then once it sustains a move or close above those breakout levels with volume that hits near or above 93,267 shares. If that breakout triggers soon, then MLNK will set up to re-test or possibly take out its next major overhead resistance levels at $4.75 to $5.

    To see more stocks 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.

     

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    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 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.