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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Mattersight
Mattersight (MATR) provides enterprise analytics services with a focus on customer and employee interactions and behaviors. This stock closed up 5.1% to $5.76 in Tuesday's trading session.
Tuesday's Range: $5.43-$5.84
52-Week Range: $4.00-$7.85
Tuesday's Volume: 71,000
Three-Month Average Volume: 86,225
From a technical perspective, MATR jumped higher here back above its 200-day moving average of $5.63 with lighter-than-average volume. This sharp move to the upside on Tuesday is quickly pushing shares of MATR within range of triggering a near-term breakout trade. That trade will hit if MATR manages to take out Tuesday's intraday high of $5.84 and then once it clears more near-term overhead resistance levels at $6.17 to $6.25 with high volume.
Traders should now look for long-biased trades in MATR as long as it's trending above its 50-day moving average of $5.30 or above more key near-term support levels at $5.11 to $5.01 and then once it sustains a move or close above those breakout levels with volume that hits near or above 86,225 shares. If that breakout begins soon, then MATR will set up to re-test or possibly take out its next major overhead resistance levels at $7 to its 52-week high at $7.85.
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Vocera Communications
Vocera Communications (VCRA), a mobile technology company, provides mobile communication solutions in healthcare, hospitality, energy, retail and other mobile work environments in the U.S. and internationally. This stock closed up 1.6% to $8.80 in Tuesday's trading session.
Tuesday's Range: $8.66-$8.96
52-Week Range: $7.58-$19.33
Tuesday's Volume: 176,000
Three-Month Average Volume: 270,578
From a technical perspective, VCRA bounced modestly higher here right above its 50-day moving average of $8.54 with lighter-than-average volume. This move briefly pushed shares of VCRA into breakout territory, since the stock flirted with some near-term overhead resistance levels at $8.70 to $8.85. Shares of VCRA tagged an intraday high of $8.96, before it closed just below that level at $8.80. This spike to the upside on Tuesday is starting to push shares of VCRA within range of triggering a bigger breakout trade. That trade will hit if VCRA manages to take out Tuesday's intraday high of $8.96 to some more near-term overhead resistance at $9.22 with high volume.
Traders should now look for long-biased trades in VCRA as long as it's trending above its 50-day moving average at $8.54 and then once it sustains a move or close above those breakout levels with volume that hits near or above 270,578 shares. If that breakout develops soon, then VCRA will set up to re-test or possibly take out its next major overhead resistance level at $10. Any high-volume move above $10 will then give VCRA a chance to re-fill some of its previous gap-down-day zone from August that started near $12.50.
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QLogic
QLogic (GLGC) designs and supplies high-performance server and storage networking infrastructure products that provide, enhance and manage computer data communication. This stock closed up 3.5% to $9.53 in Tuesday's trading session.
Tuesday's Range: $9.24-$9.63
52-Week Range: $8.70-$13.07
Tuesday's Volume: 1.55 million
Three-Month Average Volume: 1.06 million
From a technical perspective, QLGC bounced notably higher here right off its 50-day moving average of $9.24 with above-average volume. This trend to the upside on Tuesday is now quickly pushing shares of QLGC within range of triggering a big breakout trade. That trade will hit if QLGC manages to take out some key near-term overhead resistance levels at $9.79 to $9.91 with high volume.
Traders should now look for long-biased trades in QLGC as long as it's trending above its 50-day at $9.24 and then once it sustains a move or close above that breakout level with volume that hits near or above 1.06 million shares. If that breakout materializes soon, then QLGC will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $10.58 to $10.70. Any high-volume move above those levels will then give QLGC a chance to tag $11.50.
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Angie's List
Angie's List (ANGI) operates a consumer-driven solution for its members to research, hire, rate and review local professionals for home, health care and automotive service needs. This stock closed up 5.5% to $8.24 in Tuesday's trading session.
Tuesday's Range: $7.83-$8.25
52-Week Range: $6.28-$19.80
Tuesday's Volume: 1.45 million
Three-Month Average Volume: 1.37 million
From a technical perspective, ANGI ripped higher here right above its 50-day moving average of $7.62 with above-average volume. This strong move to the upside on Tuesday is quickly pushing shares of ANGI within range of triggering a major breakout trade. That trade will hit if ANGI manages to take out some key near-term overhead resistance levels at $8.28 to $8.73 with high volume.
Traders should now look for long-biased trades in ANGI as long as it's trending above its 50-day at $7.62 or above more key near-term support at $7.38 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.37 million shares. If that breakout triggers soon, then ANGI will set up to re-fill some of its previous gap-down-day zone from July that started just above $10.50.
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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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