DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stock Trades to Take This Week
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.
NeoPhotonics
NeoPhotonics (NPTN) is a designer and manufacturer of PIC-based modules and subsystems for bandwidth-intensive, high-speed communications networks. This stock closed up 3.5% to $7.54 in Tuesday's trading session.
Tuesday's Range: $7.32-$7.57
52-Week Range: $4.75-$9.77
Tuesday's Volume: 69,000
Three-Month Average Volume: 124,923
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From a technical perspective, NPTN trended higher here right above its 50-day moving average of $7.19 with lighter-than-average volume. This stock has been uptrending strong for the last three months, with shares moving higher from its low of $6.20 to its recent high of $7.98. During that uptrend, shares of NPTN have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of NPTN within range of triggering a major breakout trade. That trade will hit if NPTN manages to take out Tuesday's high of $7.57 to some near-term overhead resistance at $7.98 with high volume.
Traders should now look for long-biased trades in NPTN as long as it's trending above its 50-day at $7.19 or above $7 and then once it sustains a move or close above those breakout levels with volume that's near or above 124,923 shares. If that breakout hits soon, then NPTN will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $10.
Mast Therapeutics
Mast Therapeutics (MSTX), a biopharmaceutical company, develops novel therapies for serious or life-threatening diseases with significant unmet needs. This stock closed up 8.1% to 51 cents per share in Tuesday's trading session.
Tuesday's Range: $0.47-$0.51
52-Week Range: $0.40-$0.82
Tuesday's Volume: 957,000
Three-Month Average Volume: 1.32 million
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From a technical perspective, MSTX spiked sharply higher here right above its 50-day moving average of 46 cents per share with decent upside volume. This stock recently formed a double bottom chart pattern at 48 cents to 47 cents per share. Shares of MSTX are now starting to trend within range of triggering a big breakout trade. That trade will hit if MSTX manages to take out some near-term overhead resistance levels at 55 cents to its 200-day moving average at 57 cents per share with high volume.
Traders should now look for long-biased trades in MSTX as long as it's trending above its 50-day at 46 cents and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.32 million shares. If that breakout hits soon, then MSTX will set up to re-test or possibly take out its next major overhead resistance levels at 67 cent to 74 cents, or even 76 cents per share.
Zeltiq Aesthetics
Zeltiq Aesthetics (ZLTQ) develops and commercializes medical products such as CoolSculpting System, a non-invasive product for the selective reduction of body fat. This stock closed up 7.3% to $9.81 in Tuesday's trading session.
Tuesday's Range: $9.17-$9.87
52-Week Range: $3.20-$9.90
Tuesday's Volume: 595,000
Three-Month Average Volume: 231,600
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From a technical perspective, ZLTQ spiked sharply higher here right above its 50-day moving average of $8.77 with above-average volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $4 to its recent high of $9.90. During that uptrend, shares of ZLTQ have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ZLTQ within range of triggering a near-term breakout trade. That trade will hit if ZLTQ manages to take out Tuesday's high of $9.87 to its 52-week high at $9.90 with high volume.
Traders should now look for long-biased trades in ZLTQ as long as it's trending above its 50-day at $8.77 or above $8.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 231,600 shares. If that breakout hits soon, then ZLTQ will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $12 to $13.
Pingtan Marine Enterprise
Pingtan Marine Enterprise (PME) is a blank check company formed for the purpose of acquiring an operating business that has its main operations in the people's republic of China. This stock closed up 10.4% to $2.85 in Tuesday's trading session.
Tuesday's Range: $2.60-$2.87
52-Week Range: $1.31-$12.50
Tuesday's Volume: 86,000
Three-Month Average Volume: 53,295
From a technical perspective, PME ripped sharply higher here with above-average volume. This move is quickly pushing shares of PME within range of triggering a near-term breakout trade. That trade will hit if PME manages to take out some near-term overhead resistance at $2.94 with high volume.
Traders should now look for long-biased trades in PME as long as it's trending above some near-term support at $2.27 and then once it sustains a move or close above $2.94 with volume that hits near or above 53,295 shares. If that breakout triggers soon, then PME will set up to re-test or possibly take out its next major overhead resistance levels at $3.63 to $4.20. Any high-volume move above those levels will then give PME a chance to tag $5.
SGOCO Group
SGOCO Group (SGOC) is engaged in product design and brand development in the Chinese flat panel display market. This stock closed up 8.1% to $3.45 in Tuesday's trading session.
Tuesday's Range: $3.10-$3.46
52-Week Range: $0.70-$4.57
Tuesday's Volume: 103,000
Three-Month Average Volume: 287,558
From a technical perspective, SGOC bounced sharply higher here right off its 50-day moving average of $3.21 with lighter-than-average volume. This move is quickly pushing shares of SGOC within range of triggering a big breakout trade. That trade will hit if SGOC manages to take out some key overhead resistance levels at $3.74 to $3.84 with high volume.
Traders should now look for long-biased trades in SGOC as long as it's trending above its 50-day at $3.21 or above Tuesday's low of $3.10, and then once it sustains a move or close above those breakout levels with volume that hits near or above 287,558 shares. If that breakout triggers soon, then SGOC will set up to re-test or possibly take out its 52-week high at $4.57.
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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