Stock Quotes in this Article: CADX, EMMS, KKD, PAL, STEM

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

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.

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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.

 

 

North American Palladium

North American Palladium (PAL) is a precious metals producer that has been operating its flagship Lac des Iles mine located in Ontario, Canada. This company is in the business of exploring and mining palladium, platinum, gold and certain base metals. This stock is trading up 9.7% to $1.92 in recent trading.

Today’s Range: $1.78-$1.95

52-Week Range: $1.47-$4.05

Volume: 1.9 million

Three-Month Average Volume: 913,747

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From a technical perspective, PAL is ripping higher here back above its 50-day moving average of $1.86 with monster volume. This move is also pushing PAL above some near-term overhead resistance levels at $1.80 to $1.84.

Traders should now look for long-biased trades as long as PAL is trending above some near-term support at $1.70 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average volume of 913,747 shares as bullish. If PAL can hold its trend above $1.70 and above its 50-day at $1.86, then this stock has a great chance of making a run at its next major overhead resistance level at $2.18 or its 200-day moving average of $2.50.

Krispy Kreme Doughnuts

Krispy Kreme Doughnuts (KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets. This stock is trading up 6.3% to $7.40 in recent trading.

Today’s Range: $7.02-$7.44

52-Week Range: $5.78-$9.47

Volume: 1.6 million

Three-Month Average Volume: 613,902

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Shares of KKD are ripping higher today after the company said its second quarter revenues jumped 4.3% to $102 million compared with $98 million a year ago, but its net income plunged largely due to a higher income tax rate.

From a technical perspective, KKD is exploding higher here back above its 200-day moving average of $6.96 with heavy volume. This move is quickly pushing KKD within range of triggering a major breakout trade. That trade will hit once KDD takes out some past overhead resistance levels at $7.54 to $7.61 with high volume.

Traders should now look for long-biased trades in KKD as long as it holds its trend above its 200-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 613,902 shares. If that breakout triggers soon, then KDD has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $8.55 to $8.77.

Emmis Communications

Emmis Communications (EMMS) is a diversified media company, principally focused on radio broadcasting. This stock is trading up 5.8% at $2.17 in recent trading.

Today’s Range: $2.05-$2.18

52-Week Range: $0.58-$2.37

Volume: 353,000

Three-Month Average Volume: 302,827

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From a technical perspective, EMMS is ripping higher here with above average volume. This move is coming after EMMS recently tested its 50-day moving average of $1.88 and held that level. This move is also pushing EMMS within range of triggering a major breakout trade. That trade will hit once EMMS takes out some near-term overhead resistance levels at $2.22 to $2.23, and then once it clears its 52-week high of $2.37 with high volume.

Traders should now look for long-biased trades in EMMS as long as it holds its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that’s near or above 302,827 shares. If that breakout hits soon, then EMMS has a great chance of taking out its 2010 high of $2.45 and heading significantly higher.

StemCells

StemCells (STEM) is engaged in the research, development and commercialization of stem cell therapeutics and related enabling technologies for academia and industry. This stock is trading up 16.4% at $1.70 in recent trading.

Today’s Range: $1.52-$1.75

52-Week Range: $0.59-$2.65

Volume: 2.1 million

Three-Month Average Volume: 1.6 million

Shares of STEM are skyrocketing today after Maxim Group initiated coverage on the stock with a buy rating and a $2.50 price target.

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From a technical perspective, STEM is bouncing strong here right off some major support at $1.40 with heavy volume. This move is quickly pushing STEM within range of triggering a near-term breakout trade. That trade will hit once STEM takes out some near-term overhead resistance levels at $1.87 to $1.96 with high volume.

Traders should now look for long-biased trades once STEM sustains a move or close above those levels with volume that’s near or above 1,573,790 shares. If we get that move soon, then look for STEM to re-test and possibly take out its next major overhead resistance levels at $2.31 to $2.65. Keep in mind that this stock can be bought off weakness as long as $1.50 to $1.40 holds.

LiveDeal

LiveDeal (LIVE) provides local customer acquisition services for small businesses. This stock is trading up 7.3% at $5.29 in recent trading.

Today’s Range: $4.97-$5.29

52-Week Range: $1.02-$18.58

Volume: 7,700

Three-Month Average Volume: 80,775

Shares of LIVE are moving notably higher today after the company reported third quarter revenue of $0.8 million vs. $1.1 million in the third quarter of last year.

From a technical perspective, LIVE is moving higher here right off some near-term support at $5 with light volume. This move is coming after LIVE was hammered by the bears during the last two months, with shares dropping from $18.58 to its recent low of $4.75.

Traders should now look for long-biased trades once LIVE clears its 200-day at $5.37, and then once it takes out some near-term overhead resistance at $5.71 with high volume. Look for a sustained move or close above those levels with volume that’s near or above 80,775 shares. If we get that action soon, then LIVE has a great chance of bouncing hard back towards its 50-day moving average of $8.50.

Keep in mind that one can buy this off of weakness and anticipate that breakout and simply use $5 to $4.75 as support zones.

Cadence Pharmaceuticals

Cadence Pharmaceuticals (CADX) is a biopharmaceutical company focused on acquiring, in-licensing, developing and commercializing products principally for use in the hospital setting. This stock is trading up 6.5% at $4.25 in recent trading.

Today’s Range: $4.13-$4.45

52-Week Range: $2.56-$7.78

Volume: 347,000

Three-Month Average Volume: 375,028

From a technical perspective, CADX is gapping up strong here with decent volume. This move has briefly pushed CADX into breakout territory, since the stock has tested some near-term overhead resistance levels at $4.25 to $4.42. At last check, CADX has hit an intraday high of $4.46 on volume of around 350,000 shares, but it has subsequently pulled back to around $4.20.

Traders should now look for long-biased trades in CADX as long as it’s trending above its 50-day at $3.86, and then once it clears those resistance levels with high volume. Look for a sustained move or close above those levels with volume that’s near or above 375,028 shares. If we get that breakout soon, then look for CADX to re-test and possibly take out its next major overhead resistance levels $4.87 to $5.11.

DragonWave

DragonWave (DRWI) is in the business of developing broadband wireless backhaul and pseudowire equipment. DragonWave is a provider of wireless Ethernet equipment used in Internet protocol (IP) networks. This stock is trading up 3.5% to $2.25 in recent trading.

Today’s Range: $2.23-$2.30

52-Week Range: $2.14-$5.50

Volume: 202,000

Three-Month Average Volume: 156,475

From a technical perspective, DRWI is moving modestly higher with above average volume. This move is coming after DRWI recently plunged from $4 to $2.14 with heavy selling volume. Following that plunge, DRWI has formed a double bottom chart pattern at around $2.14 to $2.15, and the upside volume is now starting to expand.

Traders should now look for long-biased trades as long as DRWI holds that double bottom with strong upside volume flows. I would consider any upside volume day that registers near or above 156,475 shares as bullish. If DRWI can hold those lows, then traders should look for this stock to clear its downtrend line above $2.38 to signal that the near-term bearish trend is over. Some possible upside targets for DRWI are $2.69 to its 50-day moving average of $2.83, if that bottom holds and trend for this stock changes to bullish.

Exeter Resources

Exeter Resources (XRA) is a mineral resource exploration and development company. Exeter Resources is engaged in the business of acquisition, exploration and development of mineral properties located in the Maricunga Region, Chile. This stock is trading up 1.6% to $1.81 in recent trading.

Today’s Range: $1.76-$1.84

52-Week Range: $1.21-$5.79

Volume: 285,000

Three-Month Average Volume: 225,064

From a technical perspective, XRA is moving modestly higher here with above average volume. This move is coming after XRA recently recaptured and bounced off its 50-day moving average of $1.57. This spike is also pushing XRA into near-term breakout territory, since the stock has started to flirt with some overhead resistance at $1.80.

Traders should now look for long-biased trades in XRA as long as its trending above its 50-day, and then once it breaks out above $1.80 to $1.90 with high volume. Look for a sustained move or close above those levels with volume that’s near or above 225,064 shares. If that breakout triggers soon, then XRA has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $2.41 to $2.51.

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.

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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 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.