DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
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 today. IMRIS (IMRS) This company develops, assembles and installs VISIUS Surgical Theatres that are used for a variety of medical applications, as well as provides ancillary products and services and extended maintenance services. This stock closed up 7.3% to $1.90 in Thursday's trading session. Thursday's Range: $1.75-$1.92 52-Week Range: $1.75-$4.75 Thursday's Volume: 80,000 Three-Month Average Volume: 97,189 From a technical perspective, IMRS jumped higher here and reversed strong after the stock hit a new 52-week low at $1.75 with decent upside volume. This stock has been downtrending badly for the last month, with shares plunging from its high of $3.40 to its new 52-week low at $1.75. During that downtrend, shares of IMRS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of IMRS into oversold territory, since the stock's current relative strength index reading is 35.85. Oversold can always get more oversold, but it's also an area where a stock can rebound sharply higher form. Traders should now look for long-biased trades in IMRS as long as it's trending above its 52-week low of $1.75, and then once it sustains a move or close above some near-term overhead resistance levels at $2 to $2.09 with volume that hits near or above 97,189 shares. If we get that move soon, then IMRS could easily rebound higher towards its 50-day moving average of $2.52 to possibly $2.80.
Renren (RENN)
This company is engaged in the operation of social networking internet platform, as well as provision of online advertising services and internet value-added services, including online gaming operations, online talent show and other IVAS, among others. This stock closed up 3.1% to $3.61 in Thursday's trading session.
Thursday's Range: $3.50-$3.69
52-Week Range: $2.52-$4.63 Thursday's Volume: 3.51 million Three-Month Average Volume: 3.09 million From a technical perspective, RENN bounced notably higher here right off its 50-day moving average of $3.44 with above-average volume. This stock recently formed a double bottom chart pattern at $3.25 to $3.22, after dropping from its August high of $4.62. Following that bottom, shares of RENN have now trended higher right off its 200-day at $3.20 and back above its 50-day at $3.44 with decent upside volume flows. That move has now pushed shares of RENN within range of triggering a big breakout trade. That trade will hit if RENN manages to take out some near-term overhead resistance at $3.80 with high volume. Traders should now look for long-biased trades in RENN as long as it's trending above its 50-day at $3.44 or its 200-day at $3.20, and then once it sustains a move or close above $3.80 with volume that hits near or above 3.09 million shares. If that breakout hits soon, then RENN will set up to re-fill some its previous gap down zone from August that started near $4.60. Athersys (ATHX) This is a biopharmaceutical company that is focused in the field of regenerative medicine. It is engaged in the discovery and development of best-in-class therapies designed to extend and enhance the quality of human life. This stock closed up 4.6% to $1.79 in Thursday's trading session. Thursday's Range: $1.69-$1.82 52-Week Range: $0.95-$2.42 Thursday's Volume: 832,000 Three-Month Average Volume: 325,552 From a technical perspective, ATHX bounced sharply higher here right off its 50-day moving average of $1.69 with heavy upside volume. This move is quickly pushing shares of ATHX within range of triggering a near-term breakout trade. That trade will hit if ATHX manages to take out some near-term overhead resistance levels at $1.85 to $1.99 with high volume.
Traders should now look for long-biased trades in ATHX as long as it's trending above its 50-day at $1.69 or its 200-day at $1.60, and then once it sustains a move or close above those breakout levels with volume that hits near or above 325,552 shares. If that breakout triggers soon, then ATHX will set up to re-test or possibly take out its next major overhead resistance levels at $2.16 to $2.25. Any high-volume move above those levels will put its 52-week high at $2.42 into range for shares of ATHX.
Document Security Systems (DSS)
This company is engaged in fraud and counterfeit protection for all forms of printed documents and digital information. This stock closed up 7.5% to $1.28 in Thursday's trading session.
Thursday's Range: $1.21-$1.33 52-Week Range: $1.08-$4.60 Thursday's Volume: 851,000 Three-Month Average Volume: 540,666 From a technical perspective, DSS bounced sharply higher here right above its 52-week low of $1.08 with heavy upside volume. This stock has been downtrending badly for the last four months, with shares plunging from its high of $3.64 to its recent low of $1.08. During that move, shares of DSS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed shares of DSS into oversold territory, since the stock's relative strength index reading recently dipped below 30. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. Traders should now look for long-biased trades in DSS as long as it's trending above its 52-week low of $1.08, and then once it sustains a move or close above Thursday's high of $1.33 with volume that hits near or above 540,666 shares. If we get that move soon, then DSS will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $1.54 to $1.68. We could even see DSS tag $1.75 to $1.88 if it bounces higher from here with volume. Pulse Electronics (PULS) This company produces precision-engineered electronic components and modules. This stock closed up 6.6% to $3.99 in Thursday's trading session.
Thursday's Range: $3.80-$4.09
52-Week Range: $2.10-$10.60
Thursday's Volume: 42,000
Three-Month Average Volume: 36,605 From a technical perspective, PULS ripped sharply higher here right off its 50-day moving average of $3.86 with above-average volume. This move is quickly pushing shares of PULS within range of triggering a major breakout trade. That trade will hit if PULS manages to take out some near-term overhead resistance levels at $4.27 to $4.42 with high volume. Traders should now look for long-biased trades in PULS as long as it's trending above its 50-day at $3.86 or above its 200-day at $3.53, and then once it sustains a move or close above those breakout levels with volume that hits near or above 36,605 shares. If that breakout triggers soon, then PULS will set up to re-test or possibly take out its next major overhead resistance level at $5. Any high-volume move above $5 will then give PULS a chance to re-fill some of its previous gap down zone from August that started at $6.96. KiOR (KIOR) This is a development stage company. The company is a next-generation renewable fuels company, producing cellulosic gasoline and diesel from abundant non-food biomass. This stock closed up 1.1% to $1.80 in Thursday's trading session. Thursday's Range: $1.65-$1.85 52-Week Range: $1.30-$9.52 Thursday's Volume: 622,000 Three-Month Average Volume: 544,436 From a technical perspective, KIOR rose modestly higher here with above-average volume. This stock has been downtrending badly for the last two months, with shares plunging lower from its high of $5.94 to its recent low of $1.30. During that downtrend, shares of KIOR have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of KIOR have now started to rebound off that $1.30 low to its recent high of $1.94 with some strong upside volume days. That rebound is also coming off oversold territory, since the stock's current relative strength index reading is 28.7. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.
Traders should now look for long-biased trades in KIOR as long as it's trending above Thursday's low of $1.65, and then once it sustains a move or close above some near-term overhead resistance at $1.94 with volume that hits near or above 544,436 shares. If we get that move soon, then KIOR could rebound sharply higher towards its next major overhead resistance levels at $2.50 to $2.73.
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.
RELATED LINKS: >>5 Tech Stocks Spiking on Big Volume >>5 Stocks Setting Up to Break Out >>4 Red-Flag Stocks to Sell This Fall Follow Stockpickr on Twitter and become a fan on Facebook. 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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