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 today.
ValueVision Media
ValueVision Media (VVTV) is a multichannel electronic retailer that markets, sells and distributes products to consumers through television, telephones, online, mobile and social media. This stock closed up 4.4% to $5.82 in Tuesday's trading session.
Tuesday's Range: $5.78-$6.06
52-Week Range: $1.62-$6.35
Tuesday's Volume: 553,000
Three-Month Average Volume: 330,511
From a technical perspective, VVTV gapped sharply higher here and broke out above some near-term overhead resistance at $5.64 with above-average volume. This move is quickly pushing shares of VVTV within range of triggering a major breakout trade. That trade will hit if VVTV manages to take out Tuesday's high of $6.06 to $6.20, and then once it clears its 52-week high at $6.35 with high volume.
Traders should now look for long-biased trades in VVTV as long as it's trending above Tuesday's low of $5.78 and then once it sustains a move or close above those breakout levels with volume that's near or above 330,511 shares. If that breakout hits soon, then VVTV will set up to enter new 52-week-high territory above $6.35, which is bullish technical price action. Some possible upside targets off that breakout are $7.50 to $8.50.
Coronado Biosciences
Coronado Biosciences (CNDO) is a biopharmaceutical company focused on the development of novel immunotherapy biologic agents for the treatment of autoimmune diseases and cancer. This stock closed up 3.7% to $1.65 in Tuesday's trading session.
Tuesday's Range: $1.60-$1.74
52-Week Range: $1.25-$12.70
Tuesday's Volume: 2.44 million
Three-Month Average Volume: 1.35 million
From a technical perspective, CNDO spiked higher here right above some near-term support at $1.50 with above-average volume. This stock recently formed a double bottom chart pattern at $1.27 to $1.25. Following that bottom, shares of CNDO have started to uptrend and move within range of triggering a major breakout trade. That trade will hit if CNDO manages to take out Tuesday's high of $1.74 to more near-term overhead resistance at $1.91, and then once it takes out its gap down day high from October at $2.16 with high volume.
Traders should now look for long-biased trades in CNDO as long as it's trending above some near-term support at $1.50 or at $1.42 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.35 million shares. If that breakout hits soon, then CNDO will set up to re-fill some of its previous gap down zone from October that started near $7.
Affymetrix
Affymetrix (AFFX) is engaged in the development, manufacture, sale and service of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets. This stock closed up 3.3% to $8.24 in Tuesday's trading session.
Tuesday's Range: $7.95-$8.29
52-Week Range: $3.05-$8.29
Thursday's Volume: 872,000
Three-Month Average Volume: 1.25 million
From a technical perspective, AFFX spiked higher here into new 52-week-high territory above some near-term overhead resistance at $8.23 with decent upside volume. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $3.70 to its intraday high of $8.29. During that uptrend, shares of AFFX have been consistently making higher lows and higher highs, which is bullish technical price action.
Traders should now look for long-biased trades in AFFX as long as it's trending above Tuesday's low of $7.95 or above more near-term support at $7.79 and then once it sustains a move or close above its new 52-week high at $8.29 with volume that hits near or above 1.25 million shares. If we get that move 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 move are $10 to $11.
Transportadora de Gas del Sur SA
Transportadora de Gas del Sur SA (TGS) is an Argentina-based company engaged in the exploitation, distribution and commercialization of natural gas. This stock closed up 8.8% to $2.47 in Tuesday's trading session.
Tuesday's Range: $2.20-$2.48
52-Week Range: $1.30-$2.93
Thursday's Volume: 482,000
Three-Month Average Volume: 194,620
From a technical perspective, TGS ripped sharply higher here back above its 50-day moving average of $2.31 with above-average volume. This move also pushed shares of TGS into breakout territory, since the stock cleared some near-term overhead resistance at $2.40. Market players should now look for a continuation move higher in the short-term if TGS can manage to take out Tuesday's high of $2.48 with strong volume.
Traders should now look for long-biased trades in TGS as long as it's trending above Tuesday's low of $2.20 and then once it sustains a move or close above $2.48 with volume that hits near or above 194,620 shares. If we get that move soon, then TGS will set up to re-test or possibly take out its next major overhead resistance levels at $2.70 to its 52-week high at $2.93. Any high-volume move above $2.93 to $2.98 will then give TGS a chance to tag $3.25 to $3.50.
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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