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 recently.
Pizza Inn
Pizza Inn (PZZI) operates and franchises pizza buffet, delivery, carry-out and express restaurants domestically and internationally under the trademark 'Pizza Inn'. This stock closed up 3.5% to $7.28 a share in Thursday's trading session.
Thursday's Range: $7.03-$7.46
52-Week Range: $2.47-$9.18
Thursday's Volume: 59,000
Three-Month Average Volume: 78,906
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From a technical perspective, PZZI bounced notably higher here right off its 50-day moving average of $7.10 with lighter-than-average volume. This move is quickly pushing shares of PZZI within range of triggering a major breakout trade. That trade will hit if PZZI manages to take out some near-term overhead resistance levels at $7.56 to $7.95 with high volume.
Traders should now look for long-biased trades in PZZI as long as it's trending above some near-term support at $6.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 78,906 shares. If that breakout hits soon, then PZZI will set up to re-fill some of its previous gap down zone from May that started at $9.18.
United Online
United Online (UNTD) provides consumer products and services over the Internet primarily in the U.S., Canada and Europe. This stock closed up 2.1% to $8.25 in Thursday's trading session.
Thursday's Range: $8.08-$8.33
52-Week Range: $4.98-$8.90
Thursday's Volume: 964,000
Three-Month Average Volume: 906,562
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From a technical perspective, UNTD bounced modestly higher here right above its 50-day moving average of $8.03 with above-average volume. This stock have been trending sideways inside of a consolidation pattern for the last two months, with shares moving between $7.45 on the downside and $8.90 on the upside. Shares of UNTD are now starting to move within range of triggering a breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if UNTD manages to take out some near-term overhead resistance at $8.49 to its 52-week high at $8.90 with high volume.
Traders should now look for long-biased trades in UNTD as long as it's trending above its 50-day at $8.03 or above more support at $7.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 906,562 shares. If that breakout triggers soon, then UNTD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $10 to $12.
Fortress Investment Group
Fortress Investment Group (FIG) operates as a global alternative asset manager. This stock closed up 2.3% to $7.99 in Thursday's trading session.
Thursday's Range: $7.85-$8.07
52-Week Range: $3.73-$8.19
Thursday's Volume: 824,000
Three-Month Average Volume: 923,102
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From a technical perspective, FIG bounced notably higher here right off some near-term support at $7.80 with decent upside volume. This move is quickly pushing shares of FIG within range of triggering a big breakout trade. That trade will hit if FIG manages to take out Thursday's high of $8.07 and then its 52-wek high at $8.19 with high volume.
Traders should now look for long-biased trades in FIG as long as it's trending above support at $7.80 or above its 50-day at $7.62 and then once it sustains a move or close above those breakout levels with volume that hits near or above 923,102 shares. If that breakout hits soon, then FIG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $10 to $11.
Affymetrix
Affymetrix (AFFX) is a provider of life science tools and molecular diagnostic products that enable parallel analysis of biological systems at the gene, protein and cell level. This stock closed up 2.4% to $6.15 in Thursday's trading session.
Thursday's Range: $6.02-$6.24
52-Week Range: $2.96-$6.51
Thursday's Volume: 585,000
Three-Month Average Volume: 1.48 million
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From a technical perspective, AFFX rose modestly higher here right above some near-term support at $5.90 with lighter-than-average volume. This move is quickly pushing shares of AFFX within range of triggering a near-term breakout trade. That trade will hit if AFFX manages to take out Thursday's high of $6.24 and then once it clears its 52-week high at $6.51 with high volume.
Traders should now look for long-biased trades in AFFX as long as it's trending above some near-term support levels at $5.90 or at $5.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.48 million shares. If that breakout triggers soon, then AFFX will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $8 to $9.
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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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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