DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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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 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 today.
SemiLEDS
SemiLEDS (LEDS) develops, manufactures and sells light-emitting diode chips and LED components. This stock closed up 16.6% to $1.26 in Tuesday's trading session.
Tuesday's Range: $1.06-$1.31
52-Week Range: $0.60-$2.44
Tuesday's Volume: 1.46 million
Three-Month Average Volume: 282,434
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From a technical perspective, LEDS exploded higher here back above its 200-day moving average of $1.15 and broke out above some resistance at $1.19 with heavy upside volume. This stock has been uptrending strong for the last two months, with shares soaring higher from its low of 79 cents to its intraday high of $1.31. During that uptrend, shares of LEDS have been consistently making higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in LEDS as long as it's trending above its 200-day at $1.15 or above Tuesday's low of $1.06 and then once it sustains a move or close above Tuesday's high of $1.31 to more resistance at $1.35 with volume that hits near or above 282,434 shares. If we get that move soon, then LEDS will set up to re-test or possibly take out its next major overhead resistance levels at $1.70 to $2.
Northern Dynasty Minerals
Northern Dynasty Minerals (NAK) is a mineral exploration and development company in Vancouver, British Columbia focused on developing the Pebble Project, a copper-gold-molybdenum mineral project. This stock closed up 12.3% to $1.64 in Tuesday's trading session.
Tuesday's Range: $1.48-$1.69
52-Week Range: $1.31-$4.66
Tuesday's Volume: 682,000
Three-Month Average Volume: 248,384
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From a technical perspective, NAK soared higher here with strong upside volume. This stock recently formed a double bottom chart pattern at $1.33 to $1.31, after it gapped down sharply from $2.30 to $1.31 with heavy downside volume. Shares of NAK are now quickly moving within range of triggering a major breakout trade. That trade will hit if NAK manages to take out Tuesday's high of $1.69 with high volume.
Traders should now look for long-biased trades in NAK as long as it's trending above Tuesday's low of $1.48, and then once it sustains a move or close above $1.69 with volume that hits near or above 248,384 shares. If that breakout hits soon, then NAK will set up to re-fill some of its previous gap down zone from mid-September that started at $2.30.
Renren
Renren (RENN) is engaged in the operation of social networking internet platform, as well as provision of online advertising services and internet value-added services, including online gaming operations, online talent show and other IVAS. This stock closed up 8% to $3.64 in Tuesday's trading session.
Tuesday's Range: $3.37-$3.71
52-Week Range: $2.52-$4.63
Tuesday's Volume: 6.68 million
Three-Month Average Volume: 3.19 million
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From a technical perspective, RENN ripped sharply higher here right above some near-term support at $3.31 and back above its 50-day moving average of $3.53 with monster upside volume. This move pushed shares of RENN into breakout territory, since the stock took out some near-term overhead resistance at $3.54 and flirted with more resistance at $3.69. Shares of RENN are now quickly moving within range of triggering another big breakout trade. That trade will hit if RENN manages to clear Tuesday's high of $3.71 and then once it takes out more resistance at $3.80 to $3.90 with high volume.
Traders should now look for long-biased trades in RENN as long as it's trending above support at $3.31 or above its 200-day at $3.22 and then once it sustains a move or close above those breakout levels with volume that's near or above 3.19 million shares. If that breakout hits soon, then RENN will set up to re-fill some of its previous gap down zone from August that started at $4.60.
Atlantic Power
Atlantic Power (AT) is a power generation and infrastructure company in the U.S. and Canada. This stock closed up 6.9% to $4.61 in Tuesday's trading session.
Tuesday's Range: $4.30-$4.61
52-Week Range: $3.81-$15.18
Tuesday's Volume: 2.25 million
Three-Month Average Volume: 652,583
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From a technical perspective, AT surged sharply higher here right above its 50-day moving average of $4.11 with heavy upside volume. This move pushed shares of AT into breakout territory, since the stock took out some near-term overhead resistance at $4.50 to $4.55. This stock has been uptrending strong for the last two months, with shares moving higher from its low of $3.83 to its intraday high of $4.61. During that move, shares of AT have been consistently making higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in AT as long as it's trending above its 50-day at $4.11 and then once it sustains a move or close above Tuesday's high of $4.61 and above more resistance at $4.73 with volume that hits near or above 652,583 shares. If we get that move soon, then AT will set up to re-test or possibly take out its next major overhead resistance levels at $5.36 to $7.
Syntroleum
Syntroleum (SYNM) is engaged in the commercialization of its technology to produce synthetic liquid hydrocarbons with reduced levels of contaminants normally found in conventional hydrocarbon products. This stock closed up 7.8% to $4.97 in Tuesday's trading session.
Tuesday's Range: $4.60-$5.06
52-Week Range: $3.30-$8.20
Tuesday's Volume: 154,000
Three-Month Average Volume: 67,709
From a technical perspective, SYNM jumped sharply higher here right above some near-term support at $4.30 with above-average volume. This stock has been downtrending badly for the last two months and change, with shares plunging lower from its high of $7.75 to its recent low of $4.30. During that downtrend, shares of SYNM have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of SYNM might be ready to see an end to its downside volatility now that the stock is moving within range of breaking out above a key downtrend line. That breakout will hit if SYNM manages to take out its 200-day at $5.23 and then once it clears more key resistance at $5.93 with high volume.
Traders should now look for long-biased trades in SYNM as long as it's trending above Tuesday's low of $4.60 or above more near-term support at $4.30 and then once it sustains a move or close above those breakout levels with volume that hits near or above 67,709 shares. If that breakout hits soon, then SYNM could be in for an explosive move higher that takes the stock back towards its next major overhead resistance levels at $7 to $7.50.
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 Delafield, Wis.
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At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Delafield, Wis., 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.
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