DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stocks With Big Insider Buying
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.
>>5 Stock Charts to Buy for Gains in March
With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
S&W Seed (SANW) is engaged in breeding, growing, processing and selling agricultural commodities. This stock closed up 5.3% to $7.11 a share in Thursday's trading session.
Thursday's Range: $6.75-$7.11
52-Week Range: $4.82-$11.40
Thursday's Volume: 144,000
Three-Month Average Volume: 106,243
>>5 Bargain Bin Stocks to Buy in March
From a technical perspective, SANW spiked sharply higher here right above its 50-day moving average of $6.48 with above-average volume. This move is quickly pushing shares of SANW within range of triggering a big breakout trade. That trade will hit if SANW manages to take out some key near-term overhead resistance levels at $7.15 to $7.20 and then once it takes out its 200-day moving average of $7.23 with high volume.
Traders should now look for long-biased trades in SANW as long as it's trending above its 50-day at $6.48 and then once it sustains a move or close above those breakout levels with volume that hits near or above 106,243 shares. If that breakout materializes soon, then SANW will set up to re-test or possibly take out its next major overhead resistance levels at $8.23 to $9.21, or even $9.91.
Celsion (CLSN), an oncology drug development company, focuses on the development and commercialization of targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. This stock closed up 2% to $3.95 a share in Thursday's trading session.
Thursday's Range: $3.90-$4.03
52-Week Range: $3.38-$9.46
Thursday's Volume: 798,000
Three-Month Average Volume: 486,022
>>5 Rocket Stocks to Buy in March
From a technical perspective, CLSN spiked notably higher here right above its 50-day moving average of $3.84 with above-average volume. This stock has been uptrending over the last month, with shares moving higher from its low of $3.48 to its intraday high of $4.03. During that move, shares of CLSN have been consistently making higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move higher in the short-term if CLSN manages to take out Thursday's high of $4.03 with high volume.
Traders should now look for long-biased trades in CLSN as long as it's trending above its 50-day at $3.84 or above more near-term support at $3.68 and then once it sustains a move or close above $4.03 with volume that hits near or above 486,022 shares. If that move starts soon, then CLSN will set up to re-test or possibly take out its next major overhead resistance levels at $4.25 to $4.74, or even its 200-day moving average of $4.83.
Kingold Jewelry (KGJI) engages in the design, manufacture and sale of gold jewelry, ornaments and investment-oriented products in the People's Republic of China. This stock closed up 1.6% to $1.80 a share in Thursday's trading session.
Thursday's Range: $1.76-$1.84
52-Week Range: $0.96-$2.45
Thursday's Volume: 230,000
Three-Month Average Volume: 207,045
>>5 Hated Stocks You Should Love
From a technical perspective, KGJI spiked modestly higher here back above its 50-day moving average of $1.79 with above-average volume. This move is starting to push shares of KGJI within range of triggering a major breakout trade. That trade will hit if KGJI manages to take out some key overhead resistance levels at $1.91 to $1.99 with high volume.
Traders should now look for long-biased trades in KGJI as long as it's trending above some near-term support at $1.63 and then once it sustains a move or close above those breakout levels with volume that hits near or above 207,045 shares. If that breakout gets underway soon, then KGJI will set up to re-test or possibly take out its next major overhead resistance levels at $2.05 to $2.20. Any high-volume move above those levels will then give KGJI a chance to tag its 52-week high at $2.45 to more past overhead resistances levels at $3 to $3.50.
To see more stocks that are making notable moves higher, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Delafield, Wis.
RELATED LINKS:
>>4 Huge Stocks on Traders' Radars
>>5 Short-Squeeze Stocks That Could Pop in March
>>5 Ways to Trade the Ukraine Crisis
Follow Stockpickr on Twitter and become a fan on Facebook.
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.
No comments:
Post a Comment