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- 4 Biotech Stocks Breaking Out on Big Volume
7 Stocks Under $10 Ripping Higher - views
Stocks that are making large-percentage 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 like a recent earnings release. Sometimes stocks making big % moves have been hit with an analyst upgrade or an analyst upgrade.
No matter what the reason is, when a stock makes a large-percentage move it is often times just the start of a new major trend. A trend that can lead to huge profits if you time the trade correctly and combine a number of technical indicators like volume, price, and momentum indicators such as RSI. Combine all of those technical indicators with fundamental trends, disciple and sound money management and 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.
Alcatel-Lucent (ALU) is engaged in mobile, fixed, Internet Protocol (IP) and optics technologies, applications and services Alcatel-Lucent is a partner of service providers, enterprises, industries and governments worldwide. This stock is trading up 12.9% to $1.57 in recent trading.
Today’s Range: $1.47-$1.59
52-Week Range: $1.39-$6.63
Three-Month Average Volume: 23,686,800
From a technical standpoint, ALU is bouncing big today off its recent low of $1.39. Traders should now look for a sustained move and close over $1.60 to trigger the next buy point for this stock. If this stock can hold today’s gains and take out $1.60 soon, then look for a re-test of some major overhead resistance at $1.71 to $1.72.
I would consider it a major breakout if ALU can sustain a high-volume move over $1.71 to $1.72 in the coming days or weeks. Look for volume that’s near or well above 23,686,800 shares.
Alcatel-Lucent was one of Scott Rothbort's 11 Worst-Run Companies of 2011.
Primo Water (PRMW) is a provider of three- and five-gallon purified bottled water and water dispensers sold through retailers. This stock is trading up 13% at $2.94 in recent trading.
Today’s Range: $2.67-$3.03
52-Week Range: $2.50-$16.45
Three-Month Average Volume: 582,208
From a technical standpoint, PRMW is bouncing big off its recent low of $2.50 on decent volume. Traders should now watch for a breakout trade to trigger once PRMW can take out some near-term overhead resistance at $3.58. A high-volume move above $3.58 should set this stock up to re-test its 50-day moving average of $4.14, and potentially trend much higher. Look for volume on a move over $3.58 that’s near or well above 582,208 shares.
Acadia Pharmaceuticals (ACAD) is a biopharmaceutical company focused on the development and commercialization of small molecule drugs for the treatment of central nervous system disorders. This stock is trading up 15.9% at $1.29 in recent trading.
Today’s Range: $1.12-$1.32
52-Week Range: $0.80-$3.30
Three-Month Average Volume: 225,856
From a technical standpoint, ACAD recently triggered a breakout trade above $1.11 on monster volume. Since breaking out, the stock has soared to its current price of $1.27.
The next breakout for ACAD will trigger once this stock can sustain a high-volume move and close above $1.29. If we see that move, then look for ACAD to re-test $1.43 and then $1.52 (its 200-day). Look for volume on a move over $1.29 that’s near or above 225,856.
If ACAD can then clear $1.52 with volume, then this stock could set up to trend back toward $1.80 to $1.90 in the near future.
Trius Therapeutics (TSRX) is a biopharmaceutical company focused on the discovery, development and commercialization of antibiotics for life threatening infections. This stock is trading up 8.4% at $6.52 in recent trading.
Today’s Range: $6.14-$6.55
52-Week Range: $3.40-$9.00
Three-Month Average Volume: 100,252
Shares of TSRX are ripping to the upside today after Oppenheimer said the company is poised to find a partner following data from its first Phase III Tedizolid trial.
From a technical standpoint , TSRX is bouncing big here after the stock crashed on Monday from around $7.25 to a low of $5.83. The next long biased trade on won’t trigger for TSRX until this stock can manage to get back above its 200-day moving average of $6.81.
Look for a high-volume move above that level to signal that this stock wants to come out of its current bearish trend.
Gilat Satellite Networks
Gilat Satellite Networks (GILT) is a provider of IP-based digital satellite communication and networking products and services. This stock is trading up 9.5% at $4.11 in recent trading.
Today’s Range: $3.84-$4.35
52-Week Range: $3.04-$5.89
Three-Month Average Volume: 55,267
Shares of GILT are soaring higher today after the company said it has been awarded a new contract by the Colombian Ministry of Information Technology and Telecommunication, MINTIC, to provide broadband Internet connectivity to over 1,600 schools throughout the country’s rural regions.
From a technical standpoint, GILT is trading very close to a major breakout that will trigger once the stock takes out some near-term overhead resistance at $4.23 and $4.25 (its 200-day).
Market players should look for a high-volume move and close above those levels to signal that this stock wants to trend significantly higher. Look for volume that’s tracking in close to or above 55,267 shares. If we get that breakout, then GILT could re-test $5.20 in the near future.
Complete Genomics (GNOM) is a life sciences company that has developed and commercialized a DNA sequencing platform. This stock is trading up 10% to $3.06 in recent trading.
Today’s Range: $2.85-$3.08
52-Week Range: $2.57-$18.55
Three-Month Average Volume: 357,380
From a technical standpoint, GNOM is starting to see a nice rebound off its recent low of $2.57 on decent volume. Market players should now watch for a breakout trade to trigger once GNOM trades above $3.25 on heavy volume.
A high-volume move above $3.25 should set this tock up to re-test its 50-day moving average of $4.32, or possibly trend much higher. Look for volume on the breakout that’s tracking in close to or above 357,380 shares.
China Medical Technologies
China Medical Technologies (CMED) is principally engaged in the commercialization, manufacture and sale of medical devices and supplies to customers primarily in the People/s Republic of China. This stock is trading up 9.1% to $2.75 in recent trading.
Today’s Range: $2.41-$2.76
52-Week Range: $2.32-$13.98
Three-Month Average Volume: 579,366
From a technical standpoint, CMED has started to bounce big off its recent low of $2.32 with decent volume. Market players should now look for a re-test of $3 to $3.05 in the near-term.
A high-volume breakout over $3 to $3.05 will setup CMED to make a run at its next major overhead resistance level of $3.48. Look for volume on any move over $3 to $3.05 that registers near or above 579,366 shares.
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.