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.
ION Geophysical
ION Geophysical (IO) provides geophysical technology, services and solutions to the oil and gas industry worldwide. This stock closed up 1.8% to $4.34 in Thursday's trading session.
Thursday's Range: $4.26-$4.38
52-Week Range: $2.81-$6.58
Thursday's Volume: 731,000
Three-Month Average Volume: 1.36 million
From a technical perspective, IO bounced modestly higher here right off its 50-day moving average of $4.20 with lighter-than-average volume. This bounce is starting to push shares of IO within range of triggering a near-term breakout trade. That trade will hit if IO manages to take out Thursday's intraday high of $4.38 to some more near-term overhead resistance at $4.40 with high volume.
Traders should now look for long-biased trades in IO as long as it's trending above its 200-day at $4.07 or above more near-term support at $3.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.36 million shares. If that breakout hits soon, then IO will set up to re-test or possibly take out its next major overhead resistance levels at $4.73 to $5, or even $5.50.
Body Central
Body Central (BODY) operates as a specialty retailer of young women's apparel and accessories in the South, Southwest, Mid-Atlantic and Midwest regions of the U.S. This stock closed up 1.9% to $1.05 in Thursday's trading session.
Thursday's Range: $1.00-$1.09
52-Week Range: $0.58-$13.39
Thursday's Volume: 498,000
Three-Month Average Volume: 917,075
From a technical perspective, BODY trended modestly higher here right above its 50-day moving average of 92 cents per share with lighter-than-average volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of 62 cents to its intraday high of $1.09. During that move, shares of BODY have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of BODY are now starting to move within range of triggering a big breakout trade. That trade will hit if BODY manages to take out Thursday's intraday high of $1.09 with strong upside volume.
Traders should now look for long-biased trades in BODY as long as it's trending above its 50-day at 92 cents per share and then once it sustains a move or close above $1.09 with volume that hits near or above 917,075 shares. If that breakout triggers soon, then BODY will set up to re-test or possibly take out its next major overhead resistance level at $1.34. Any high-volume move above $1.34 will then give BODY a chance to re-fill some of its previous gap-down-day zone from March that started just above $1.80.
Bio-Path Holdings
Bio-Path Holdings (BPTH), a biotechnology company, focuses on developing therapeutic products utilizing its proprietary liposomal delivery technology to systemically distribute nucleic acid drugs throughout the human body with a simple intravenous transfusion in the U.S. This stock closed up 4% to $3.12 a share in Thursday's trading session.
Thursday's Range: $3.00-$3.14
52-Week Range: $0.40-$5.25
Thursday's Volume: 1.17 million
Three-Month Average Volume: 167,972
From a technical perspective, BPTH ripped higher here and broke out above some past overhead resistance at $3.07 with monster upside volume. This stock recently pulled back right to its 200-day moving average, and then bounced off that level with heavy upside volume flows. Market players should now look for a continuation move to the upside if BPTH manages to take out Thursday's intraday high of $3.14 to $3.25 with high volume.
Traders should now look for long-biased trades in BPTH as long as it's trending above some near-term support at $3 or above its 200-day moving average of $2.77 and then once it sustains a move or close above $3.14 to $3.25 with volume that hits near or above 167,972 shares. If that move gets underway soon, then BPTH will set up to re-test or possibly take out its next major overhead resistance levels at $3.50 to $4, or even $4.50.
InterCloud Systems
InterCloud Systems (ICLD) provides single-source end-to end information technology and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the U.S. This stock closed up 3.8% to $6.18 a share in Thursday's trading session.
Thursday's Range: $5.90-$6.39
52-Week Range: $2.20-$19.39
Thursday's Volume: 555,000
Three-Month Average Volume: 914,109
From a technical perspective, ICLD bounced notably higher here right above some near-term support at $5.81 with lighter-than-average volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $2.92 to its recent high of $7. During that uptrend, shares of ICLD have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of ICLD are now starting to trend within range of triggering a major breakout trade. That trade will hit if ICLD manages to take out Thursday's intraday high of $6.39 and then once it clears more resistance at $7 with high volume.
Traders should now look for long-biased trades in ICLD as long as it's trending above some near-term support at $5.81 or above its 50-day at $5.23 and then once it sustains a move or close above those breakout levels with volume that hits near or above 914,109 shares. If that breakout materializes soon, then ICLD will set up to re-fill some of its previous gap-down-day zone from April that started close $9. Any high-volume move above $9 to $9.50 will then give ICLD a chance to re-fill some of another gap-down-day zone from March that started at $11.
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.
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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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