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.
CEL-SCI (CVM) is engaged in the research and development of drugs and vaccines. This stock closed up 12.5% to $1.26 in Thursday's trading session.
Thursday's Range: $1.13-$1.30
52-Week Range: $0.53-$3.10
Thursday's Volume: 3.81 million
Three-Month Average Volume: 2.04 million
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From a technical perspective, CVM skyrocketed sharply higher here right off some near-term support at $1.10 with heavy upside volume. This move pushed shares of CVM into breakout territory, since the stock took out some near-term overhead resistance at $1.23. This move is quickly pushing shares of CVM within range of triggering another big breakout trade. That trade will hit if CVM manages to take out Thursday's high of $1.30 to more near-term overhead resistance at $1.33 with strong volume.
Traders should now look for long-biased trades in CVM as long as it's trending above Thursday's low of $1.13 or above more support at $1.10 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.04 million shares. If breakout materializes soon, then CVM will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $1.47 to more resistance at $2.
MEI Pharma (MEIP), a development-stage oncology company, focuses on the clinical development of therapeutics for the treatment of cancer. This stock closed up 1.5% to $9.80 in Thursday's trading session.
Thursday's Range: $9.39-$10.00
52-Week Range: $6.52-$12.45
Thursday's Volume: 292,000
Three-Month Average Volume: 121,015
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From a technical perspective, MEIP jumped modestly higher here with above-average volume. This stock briefly flirted with a breakout trade, since shares of MEIP tested some key near-term overhead resistance at $9.85. Shares of MEIP have been uptrending strong over the last few days, with shares moving higher from its low near $8.40 to its intraday high of $10 with strong upside volume. Market players should now look for a continuation move higher in the short-term if MEIP manages to take out Thursday's high of $10 with strong volume.
Traders should now look for long-biased trades in MEIP as long as it's trending above Thursday's low of $9.39 or above $9 and then once it sustains a move or close above $10 with volume that hits near or above 121,015 shares. If we get that move soon, then MEIP will set up to re-test or possibly take out its next major overhead resistance levels at $10.95 to its 52-week high at $12.45.
Guanwei Recycling (GPRC) engages in the manufacture and distribution of low-density polyethylene and other recycled plastics products primarily in the People's Republic of China and internationally. This stock closed up 6.7% to $3.02 in Thursday's trading session.
Thursday's Range: $2.85-$3.19
52-Week Range: $1.14-$3.60
Thursday's Volume: 346,000
Three-Month Average Volume: 58,952
From a technical perspective, GPRC spiked sharply higher here right above its 50-day moving average of $2.76 with strong upside volume. This move pushed shares of GPRC into breakout territory, since the stock took out some near-term overhead resistance at $2.86. Shares of GPRC are now quickly moving within range of triggering an even bigger breakout trade. That trade will hit if GPRC manages to take out Thursday's high of $3.19 to more resistance at $3.37 and then once it clears its 52-week high at $3.60 with strong volume.
Traders should now look for long-biased trades in GPRC as long as it's trending above Thursday's low of $2.85 or above its 50-day at $2.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 58,952 shares. If that breakout gets underway soon, then GPRC will set up to re-test or possibly take out its next major overhead resistance levels at $3.90 to $4.20, or even $4.50.
China Xiniya Fashion (XNY) designs, manufactures and sells men's business casual and business formal apparel and accessories to retail customers in the People's Republic of China. This stock closed up 9.4% to $1.28 in Thursday's trading session.
Thursday's Range: $1.19-$1.32
52-Week Range: $0.92-$2.19
Thursday's Volume: 347,000
Three-Month Average Volume: 59,862
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From a technical perspective, XNY soared sharply higher here back above both its 50-day and 200-day moving averages at $1.25 with strong upside volume. This stock recently formed a triple bottom chart pattern at $1.11, $1.13 and at $1.15. Following that bottom, shares of XNY have started to spike sharply higher and it's now quickly moving within range of triggering a major breakout trade. That trade will hit if XNY manages to take out some key near-term overhead resistance levels at $1.34 to $1.39 and then once it clears more resistance at $1.44 with high volume.
Traders should now look for long-biased trades in XNY as long as it's trending above Thursday's low of $1.19 and then once it sustains a move or close above those breakout levels with volume that hits near or above 59,862 shares. If that breakout kicks off soon, then XNY will set up to re-test or possibly take out its next major overhead resistance levels at $1.68 to $1.80. Any high-volume move above those levels will then give XNY a chance to tag its 52-week high at $2.19.
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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