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.
Northwest Biotherapeutics
Northwest Biotherapeutics (NWBO), a development stage biotechnology company, engages in discovering, developing and commercializing immunotherapy products to treat cancers in the U.S. This stock closed up 6.2% to $7.69 in Tuesday's trading session.
Tuesday's Range: $7.28-$7.74
52-Week Range: $3.10-$10.64
Tuesday's Volume: 965,000
Three-Month Average Volume: 1.15 million
From a technical perspective, NWBO spiked sharply higher here right above some near-term support at $7 and $6.80 with decent upside volume. This stock has pulled back sharply off its recent high of $10.64 to its low of $6.80. During that decline, shares of NWBO have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of NWBO have now started to rebound higher off that $6.80 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if NWBO manages to take out Tuesday's high of $7.74 to some more near-term overhead resistance at $8.09 with high volume.
Traders should now look for long-biased trades in NWBO as long as it's trending above support at $7 or at $6.80 and then once it sustains a move or close above those breakout levels volume that hits near or above 1.15 million shares. If that breakout hits soon, then NWBO will set up to re-test or possibly take out its next major overhead resistance levels at $8.42 to $9. Any high-volume move above those levels will then give NWBO a chance to tag its 52-week high at $10.64.
Extreme Networks
Extreme Networks (EXTR), together with its subsidiaries, provides network infrastructure equipment and services for enterprises, data centers and service providers. This stock closed up 5% to $6.09 a share in Tuesday's trading session.
Tuesday's Range: $6.00-$6.23
52-Week Range: $2.99-$8.14
Tuesday's Volume: 3.58 million
Three-Month Average Volume: 1.82 million
From a technical perspective, EXTR gapped sharply higher here with strong upside volume. This move briefly pushed shares of EXTR into breakout territory, since the stock flirted with its 50-day moving average of $6.12 to more overhead resistance levels at $6.14 to $6.19. Shares of EXTR closed just slightly below those levels at $6.09 after tagging an intraday high of $6.23. Market players should now look for a continuation move higher in the short-term if EXTR manages to take out Tuesday's high of $6.23 with strong volume.
Traders should now look for long-biased trades in EXTR as long as it's trending above Tuesday's low of $6 or above its 200-day moving average of $5.43 and then once it sustains a move or close above $6.23 with volume that hits near or above 1.82 million shares. If that move gets started soon, then EXTR will set up to re-fill some of its previous gap-down-day zone from February that started just above $7. If that gap gets filled with volume, then EXTR could easily tag $7.50 to $8.
Neogenomics
Neogenomics (NEO), together with its subsidiary, NeoGenomics Laboratories, operates a network of cancer-focused testing laboratories providing genetic and molecular testing services to hospitals, pathologists, oncologists, urologists, other clinicians and researchers, and other laboratories in the U.S. This stock closed up 4.6% to $3.63 in Tuesday's trading session.
Tuesday's Range: $3.47-$3.65
52-Week Range: $2.05-$4.69
Tuesday's Volume: 175,000
Three-Month Average Volume: 308,507
From a technical perspective, NEO spiked sharply higher here right above its 200-day moving average of $3.37 with lighter-than-average volume. This stock has been trending sideways for the last month and change, with shares moving between $3.17 on the downside and $4.03 on the upside. Shares of NEO are now starting to trend within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That trade will hit if NEO manages to take out its 50-day moving average of $3.66 to some more near-term overhead resistance levels at $3.81 to $4.03 with high volume.
Traders should now look for long-biased trades in NEO as long as it's trending above some key near-term support levels at $3.34 or at $3.26 to $3.17 and then once it sustains a move or close above those breakout levels with volume that hits near or above 308,507 shares. If that breakout starts soon, then NEO will set up to re-test or possibly take out its next major overhead resistance levels at $4.47 to its 52-week high at $4.69.
Amyris
Amyris (AMRS), a renewable products company, provides various alternatives to a range of petroleum-sourced products for the specialty chemical and transportation fuel markets worldwide. This stock closed up 19% to $4.44 in Tuesday's trading session.
Tuesday's Range: $3.70-$4.58
52-Week Range: $2.17-$6.11
Tuesday's Volume: 2.35 million
Three-Month Average Volume: 603,157
From a technical perspective, AMRS spiked sharply higher here back above its 50-day moving average of $4.09 with strong upside volume. This move pushed shares of AMRS into breakout territory, since the stock took out some near-term overhead resistance levels at $4.09 to $4.34. Market players should now look for a continuation move higher in the short-term if AMRS manages to take out Tuesday's high of $4.58 with strong upside volume.
Traders should now look for long-biased trades in AMRS as long as it's trending above its 50-day at $4.09 or above $4 and then once it sustains a move or close above $4.58 with volume that hits near or above 603,157 shares. If that move gets underway soon, then AMRS will set up to re-test or possibly take out its next major overhead resistance levels at $5.25 to $5.50. Any high-volume move above those levels will then give AMRS a chance to challenge its 52-week high at $6.11.
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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