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.
Doral Financial
Doral Financial (DRL) operates as the bank holding company for Doral Bank that provides retail banking services to general public and institutions. This stock closed up 5.2% to $2.82 in Thursday's trading session.
Thursday's Range: $2.70-$2.97
52-Week Range: $1.87-$25.00
Thursday's Volume: 569,000
Three-Month Average Volume: 682,426
From a technical perspective, DRL spiked higher here with decent upside volume. This spike higher on Thursday is starting to push shares of DRL within range of triggering a near-term breakout trade. That trade will hit if DRL manages to take out some key overhead resistance levels at $3.08 to $3.28 with high volume.
Traders should now look for long-biased trades in DRL as long as it's trending above Thursday's low of $2.69 or above more support at $2.36 and then once it sustains a move or close above those breakout levels with volume that hits near or above 682,426 shares. If that breakout triggers soon, then DRL will set up to re-test or possibly take out its next major overhead resistance levels at $4 to $4.47.
Quantum Fuel Systems Technologies Worldwide
Quantum Fuel Systems Technologies Worldwide (QTWW), develops, produces and sells natural gas fuel storage systems and integrates vehicle system technologies in the U.S., Germany, Canada, India, Spain and Taiwan. This stock closed up 5% to $4.37 in Thursday's trading session.
Thursday's Range: $4.16-$4.45
52-Week Range: $1.85-$11.25
Thursday's Volume: 677,000
Three-Month Average Volume: 1.47 million
From a technical perspective, QTWW trended sharply higher here right above some near-term support at $4 with lighter-than-average volume. This stock has been uptrending for the last few weeks, with shares moving higher from $3.30 to its recent high of $4.52. During that uptrend, shares of QTWW have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of QTWW within range of triggering a big breakout trade. That trade will hit if QTWW manages to take out Thursday's intraday high of $4.45 to some more key overhead resistance at $4.52 with high volume.
Traders should now look for long-biased trades in QTWW as long as it's trending above some near-term support levels at $4 or at $3.88 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.47 million shares. If that breakout materializes soon, then QTWW will set up to re-fill some of its previous gap-down-day zone from earlier this month that started above $6.
Durect
Durect (DRRX), a specialty pharmaceutical company, is engaged in the development of pharmaceutical products based on its proprietary drug delivery technology platforms in the U.S. and internationally. This stock closed up 3.6% to $1.41 in Thursday's trading session.
Thursday's Range: $1.36-$1.43
52-Week Range: $0.76-$2.69
Thursday's Volume: 194,000
Three-Month Average Volume: 482,060
From a technical perspective, DRRX jumped notably higher here right off its 50-day moving average of $1.36 with lighter-than-average volume. This move briefly pushed shares of DRRX into breakout territory, since the stock flirted with some near-term overhead resistance at $1.41. Shares of DRRX tagged an intraday high of $1.43 before it closed right on that breakout level of $1.41. Market players should now look for a continuation move to the upside in the short-term if DRRX manages to take out Thursday's high of $1.43 with high volume.
Traders should now look for long-biased trades in DRRX as long as it's trending above its 50-day at $1.36 or above more key support at $1.30 and then once it sustains a move or close above $1.43 with volume that hits near or above 482,060 shares. If that move gets underway soon, then DRRX will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $1.50 to $1.53. Any high-volume move above those levels will then give DRRX a chance to tag $1.59 to $1.66, and a large gap sits above $1.66 that could come into play.
Athersys
Athersys (ATHX), biotechnology company, focuses on the research and development activities in the field of regenerative medicine. This stock closed up 6.1% to $1.73 in Thursday's trading session.
Thursday's Range: $1.63-$1.74
52-Week Range: $1.08-$4.33
Thursday's Volume: 498,000
Three-Month Average Volume: 1.19 million
From a technical perspective, ATHX ripped higher here with lighter-than-average volume. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $1.31 to its intraday high of $1.74. During that uptrend, shares of ATHX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ATHX within range of triggering a big breakout trade. That trade will hit if ATHX manages to take out Thursday's intraday high of $1.74 to some more key overhead resistance at $1.82 with high volume.
Traders should now look for long-biased trades in ATHX as long as it's trending above some near-term support levels at $1.50 or at $1.43 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.19 million shares. If that breakout kicks off soon, then ATHX will set up to re-fill some of its previous gap-down-day zone that started just above $2.75.
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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