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.
With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
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Paragon Shipping
Paragon Shipping (PRGN) provides shipping transportation services worldwide. This stock closed up 2.6% to $5.43 a share in Thursday's trading session.
Thursday's Range: $5.17-$5.49
52-Week Range: $4.52-$9.40
Thursday's Volume: 213,000
Three-Month Average Volume: 139,217
From a technical perspective, PRGN jumped higher here and moved back above its 50-day moving average of $5.35 with above-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $4.57 to its recent high of $5.50. During that uptrend, shares of PRGN have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PRGN within range of triggering a near-term breakout trade. That trade will hit if PRGN manages to take out some near-term overhead resistance at $5.50 with high volume.
Traders should now look for long-biased trades in PRGN as long as it's trending above Thursday's intraday low of $5.17 or above more support at $5 and then once it sustains a move or close above $5.50 with volume that hits near or above 139,217 shares. If that breakout materializes soon, then PRGN will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $6.05 to $6.14, or even $6.40 to $7.
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Quiksilver
Quiksilver (ZQK) designs, develops, markets and distributes branded apparel, footwear, accessories and related products primarily for men, women and children. This stock closed up 5.7% to $3.29 a share in Thursday's trading session.
Thursday's Range: $3.11-$3.29
52-Week Range: $2.77-$9.29
Thursday's Volume: 1.74 million
Three-Month Average Volume: 4.01 million
From a technical perspective, ZQK ripped sharply higher here right above some near-term support at $2.96 with lighter-than-average volume. This strong move to the upside on Thursday is quickly pushing shares of ZQK within range of triggering a near-term breakout trade. That trade will hit if ZQK manages to take out some near-term overhead resistance levels at $3.30 to its 50-day moving average of $3.35 and then above more resistance at $3.46 with high volume.
Traders should now look for long-biased trades in ZQK as long as it's trending above Thursday's intraday low of $3.11 or above more near-term support at $2.96 and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.01 million shares. If that breakout materializes soon, then ZQK will set up to re-test or possibly take out its next major overhead resistance levels at $3.71 to $3.91, or even $4.32. Any high-volume move above $4.32 will then give ZQK a chance to re-fill some of its previous gap-down-day zone from June that started near $6.
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Arotech
Arotech (ARTX), together with its subsidiaries, provides defense and security products and services. This stock closed up 3.4% to $3.87 a share in Thursday's trading session.
Thursday's Range: $3.63-$3.95
52-Week Range: $1.63-$6.61
Thursday's Volume: 882,000
Three-Month Average Volume: 635,659
From a technical perspective, ARTX bounced notably higher here right off its 200-day moving average of $3.61 with above-average volume. This sharp move to the upside on Thursday is quickly pushing shares of ARTX within range of triggering a major breakout trade. That trade will hit if ARTX manages to take out its 50-day moving average of $3.94 to some more key overhead resistance at $4.10 with high volume.
Traders should now look for long-biased trades in ARTX as long as it's trending above its 200-day at $3.61 or above more near-term support levels at $3.45 to $3.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 635,659 shares. If that breakout triggers soon, then ARTX will set up to re-test or possibly take out its next major overhead resistance levels at $4.73 to $5, or even $5.23.
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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