DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stocks Set to Soar on Bullish Earnings
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 Stocks Ready to Break Out This Month
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.
SGOCO Group
SGOCO Group (SGOC) is engaged in product design and brand development in the Chinese flat panel display market. This stock closed up 4.5% to $3.47 in Tuesday's trading session.
Tuesday's Range: $3.35-$3.48
52-Week Range: $0.70-$4.57
Tuesday's Volume: 13,000
Three-Month Average Volume: 286,692
From a technical perspective, SGOC ripped higher here right above its 50-day moving average of $3.22 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 near-term overhead resistance levels at $3.61 to $3.74 and $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 $3.22 or above more support at $3 and then once it sustains a move or close above those breakout levels with volume that hits near or above 286,692 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. Any high-volume move above $4.57 to $4.74 will then give SGOC a chance to tag $5 to $5.50.
Cleantech Solutions International
Cleantech Solutions International (CLNT) manufactures and sells high-precision forged rolled rings, yaw bearings and shafts. It also manufactures and sells textile dyeing and finishing machines. This stock closed up 0.16% to $6.36 in Tuesday's trading session.
Tuesday's Range: $6.28-$6.50
52-Week Range: $2.03-$10.85
Tuesday's Volume: 106,000
Three-Month Average Volume: 758,917
From a technical perspective, CLNT traded modestly higher here right above its 50-day moving average of $5.60 with lighter-than-average volume. This stock has been uptrending strong for the last two months, with shares moving higher from its low of $4.82 to its recent high of $7.04. During that move, shares of CLNT have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CLNT within range of triggering a big breakout trade. That trade will hit if CLNT manages to take out some key overhead resistance levels at $7.04 to $7.79 with high volume.
Traders should now look for long-biased trades in CLNT as long as it's trending above its 50-day at $5.60 or above more support at $5 and then once it sustains a move or close above those breakout levels with volume that hits near or above 758,917 shares. If that breakout triggers soon, then CLNT will set up to re-test or possibly take out its next major overhead resistance levels at $9 to $10.
Roundy's
Roundy's (RNDY), a food retailer in the state of Wisconsin, owns and operates retail grocery stores. This stock closed up 2.7% to $9.49 in Tuesday's trading session.
Tuesday's Range: $9.15-$9.50
52-Week Range: $3.69-$9.87
Tuesday's Volume: 297,000
Three-Month Average Volume: 349,700
From a technical perspective, RNDY jumped higher here right above some near-term support at $9.04 with lighter-than-average volume. This stock has been trending sideways for the last four months, with shares moving between $7.83 on the downside and $9.73 on the upside. This spike higher on Tuesday is starting to push shares of RNDY within range of triggering a breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if RNDY manages to take out some near-term overhead resistance levels at $9.57 to $9.73, and then once it clears its 52-week high at $9.87 with high volume.
Traders should now look for long-biased trades in RNDY as long as it's trending above its 50-day at $8.89 and then once it sustains a move or close above those breakout levels with volume that hits near or above 349,700 shares. If that breakout hits soon, then RNDY will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $11 to $12.
Tsakos Energy Navigation
Tsakos Energy Navigation (TNP) is a provider of seaborne crude oil and petroleum product transportation services. This stock closed up 3.2% to $5.45 in Tuesday's trading session.
Tuesday's Range: $5.27-$5.55
52-Week Range: $3.04-$5.75
Thursday's Volume: 378,000
Three-Month Average Volume: 197,545
From a technical perspective, TNP spiked higher here and broke out above some near-term overhead resistance at $5.42 with above-average volume. This stock has been trending sideways for the last three months, with shares moving between $4.50 on the downside and $5.69 on the upside. This spike on Tuesday is now starting to push shares of TNP within range of triggering a big breakout trade. That trade will hit if TNP manages to take out some near-term overhead resistance levels at $5.61 to $5.69, and then once it clears its 52-week high at $5.75 with high volume.
Traders should now look for long-biased trades in TNP as long as it's trending above its 50-day at $5.08 and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,545 shares. If that breakout triggers soon, then TNP will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $7 to $8.
Corporate Resource Services
Corporate Resource Services (CRRS) is a national provider of diversified staffing, recruiting and consulting services with a focus on delivering temporary staffing solutions for professional services, administrative and light industrial positions. This stock closed up 4.9% to $3.80 in Tuesday's trading session.
Tuesday's Range: $3.57-$3.94
52-Week Range: $0.35-$5.62
Thursday's Volume: 355,000
Three-Month Average Volume: 74,013
From a technical perspective, CRRS jumped sharply higher here right off some near-term support at $3.50 with heavy upside volume. This stock has been trending sideways and consolidating for the last month, with shares moving between $2.84 on the downside and $3.89 on the upside. This spike with volume on Tuesday is now starting to push shares of CRRS within range of triggering a breakout trade above the upper-end of its recent range. That trade will hit if CRRS manages to take out some key near-term overhead resistance levels at $3.87 to $3.89 with high volume.
Traders should now look for long-biased trades in CRRS as long as it's trending above some near-term support levels at $3.50 or at $3.35 and then once it sustains a move or close above those breakout levels with volume that hits near or above 74,013 shares. If that breakout triggers soon, then CRRS will set up to re-test or possibly take out its next major overhead resistance levels at $4.78 to $5. Any high-volume move above those levels will then give CRRS a chance to tag its 52-week high at $5.62.
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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>>5 Stocks Under $10 Set to Soar
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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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