DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Big Stocks to Trade (or Not)
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 Insiders Love Right Now
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.
Celsion
Celsion (CLSN) is an innovative oncology drug development company focused on the development of treatments for those suffering with difficult to treat forms of cancer. This stock closed up 4.1% to $1.25 in Thursday's trading session.
Thursday's Range: $1.17-$1.28
52-Week Range: $0.75-$9.44
Thursday's Volume: 2.97 million
Three-Month Average Volume: 1.93 million
From a technical perspective, CLSN spiked higher here right off its 50-day moving average of $1.20 with heavy upside volume. This move is quickly pushing shares of CLSN within range of triggering a major breakout trade. That trade will hit if CLSN manages to take out Thursday's high of $1.28 and then once it clears some key resistance levels at $1.47 to $1.55 with high volume.
Traders should now look for long-biased trades in CLSN as long as it's trending above some near-term support at $1.15 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.93 million shares. If that breakout triggers soon, then CLSN will set up to re-test or possibly take out its next major overhead resistance levels at $2 to $2.10.
Resolute Energy
Resolute Energy (REN) is an independent oil and gas company engaged in the exploration, exploitation and development of its oil and gas properties located in Utah, Wyoming, North Dakota and Texas. This stock closed up 6.3% to $9.37 in Thursday's trading session.
Thursday's Range: $8.67-$9.47
52-Week Range: $7.41-$11.56
Thursday's Volume: 1.32 million
Three-Month Average Volume: 487,792
From a technical perspective, REN ripped sharply higher here right off its 200-day moving average of $8.86 with heavy upside volume. This move pushed shares of REN into breakout territory, since the stock took out some near-term overhead resistance levels at $8.91 to 9.10. Shares of REN are now quickly moving within range of triggering another major breakout trade. That trade will hit if REN clears Thursday's high of $9.47 and then once it takes out some past overhead resistance at $9.79 with high volume.
Traders should now look for long-biased trades in REN as long as it's trending above its 200-day at $8.86 or above Thursday's low of $8.67 and then once it sustains a move or close above those breakout levels with volume that hits near or above 487,792 shares. If that breakout triggers soon, then REN will set up to re-test or possibly take out its next major overhead resistance levels at $10.25 to $11.
Investors Capital
Investors Capital (ICH) is a financial services holding company that provides broker-dealer services and investment advisory services. This stock closed up 2.1% to $6.59 in Thursday's trading session.
Thursday's Range: $6.35-$6.68
52-Week Range: $2.96-$8.90
Thursday's Volume: 99,000
Three-Month Average Volume: 17,988
From a technical perspective, ICH trended modestly higher here with above-average volume. This move is quickly pushing shares of ICH within range of triggering a near-term breakout trade. That trade will hit if ICH manages to take out some near-term overhead resistance at $6.80 with high volume.
Traders should now look for long-biased trades in ICH as long as it's trending above $6 or above $5.50 and then once it sustains a move or close above $6.80 with volume that hits near or above 17,988 shares. If that breakout triggers soon, then ICH will set up to re-test or possibly take out its 52-week high at $8.90.
OxiGene
OxiGene (OXGN) is a clinical-stage biopharmaceutical company that develops novel therapeutics to treat cancer and eye diseases. This stock closed up 2.5% to $2.45 in Thursday's trading session.
Thursday's Range: $2.36-$2.56
52-Week Range: $2.03-$7.80
Thursday's Volume: 36,000
Three-Month Average Volume: 89,072
From a technical perspective, OXGN bounced modestly higher here right above some near-term support at $2.25 with lighter-than-average volume. This stock briefly flirted with its 50-day moving average at $2.50 on Thursday after it hit an intraday high of $2.56, but then closed just below that level at $2.45. Shares of OXGN also flirted with a near-term breakout trade, after it tested some resistance at $2.55.
Traders should now look for long-biased trades in OXGN as long as it's trending above some key near-term support at $2.21 and then once it sustains a move or close above Thursday's high of $2.56 with volume that hits near or above 89,072 shares. If we get that move soon, then OXGN will set up to re-test or possibly take out its next major overhead resistance levels at $2.98 to its 200-day moving average at $3.39. Any high-volume move above $3.39 will then give OXGN a chance to tag its next major overhead resistance level at $3.85.
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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>>4 Stocks Rising on Big Volume
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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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