WINDERMERE, Fla. (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 upgrade.
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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.
Radian Group
Radian Group (RDN) is a credit enhancement company with a focus on domestic, first-lien residential mortgage insurance (first-lien). This stock is trading up 20% to $2.87 in recent trading.
Today’s Range: $2.30-$2.88
52-Week Range: $1.80-$5.21
Volume: 5.4 million
Three-Month Average Volume: 4.98 million
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From a technical perspective, RDN is skyrocketing here on above average volume. This move has pushed the stock into breakout territory since it’s taken out some near-term overhead resistance at $2.53. The next major breakout trade will trigger once RDN takes out its 200-day moving average of $2.88 with volume.
Traders should now look for long-biased trades if RDN can sustain a move or close over $2.88 with volume that’s near or above 4.98 million shares. If we get that action today or soon, then RDN can continue to uptrend back towards its 50-day moving average of $3.40 or possibly much higher.
Triangle Petroleum
Triangle Petroleum (TPLM) is an oil and gas exploration and development company focused primarily on the acquisition, exploration and development of resource properties consisting mainly of unconventional oil and gas reserves. This stock is trading up 3.5% to $5.33 in recent trading.
Today’s Range: $5.17-$5.60
52-Week Range: $3.00-$8.26
Volume: 318,000
Three-Month Average Volume: 518,387
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From a technical perspective, TPLM is bouncing here off of some oversold levels, since this stock dropped in the last few months from a high of $8.26 to a low of $4.68. This bounce today is coming after TPLM recently registered a relative strength index reading that was below 30.
Traders should now look for long-biased trades if TPLM can manage to move back above its 50-day moving average at $5.94 and its 200-day moving average at $6.24 with high volume. Look for a sustained move or close back above those levels with volume that’s near or above 518,387 shares. If we get that action, then TPLM has a good chance of re-testing its next significant overhead resistance levels at $6.89 to $7.60.
Leap Wireless
Leap Wireless (LEAP) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. This stock is trading up 5.7% at $5.72 in recent trading.
Today’s Range: $5.43-$5.91
52-Week Range: $4.68-$17.66
Volume: 974,000
Three-Month Average Volume: 2.1 million
From a technical perspective, LEAP is surging sharply higher here after the stock recently gapped down big on heavy volume. This move is quickly pushing LEAP within range of triggering a breakout trade. That trade will hit once LEAP takes out some near-term overhead resistance at $5.91 to $6.43 with high volume.
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Traders should now look for long-biased trades if LEAP can sustain a move or close above $5.91 to $6.43 with volume that’s near or above 2.1 million shares. If we get that action soon, then LEAP can attempt to fill some of that gap back toward $8. At last check, LEAP has hit an intraday high of $5.92 and volume is well below its average action.
If LEAP fails to trigger that breakout, I would then avoid this stock if it moves back below $5.16 with heavy volume.
Rosetta Genomic
Rosetta Genomic (ROSG) develops and commercializes diagnostic tests based on microRNAs. This stock is trading up 10.7% at $7.60 in recent trading.
Today’s Range: $6.82-$7.89
52-Week Range: $1.40-$36.45
Volume: 1.3 million
Three-Month Average Volume: 276,887
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From a technical perspective, ROSG has been on fire lately, skyrocketing from $1.40 to today’s high of $7.89 a share on massive volume. That move has now pushed ROSG right below its 200-day moving average of $8.26.
Traders should continue to look for long-biased trades if ROSG can manage to take outs its 200-day with high-volume. Look for a sustained move or close over $8.26 with volume that’s near or above 276,887 shares. At last check, ROSG has hit $7.89 at the high of the day on volume that’s well above its three-month average action. If we get that move soon, look for ROSG to challenge its March high of $9.60 and possibly take it out.
EnerNOC
EnerNOC (ENOC) is a provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning, services, energy procurement services and emissions tracking and trading support services. This stock is trading up 7.7% at $6.25 in recent trading.
Today’s Range: $6.06-$6.66
52-Week Range: $5.41-$18.75
Volume: 441,000
Three-Month Average Volume: 351,676
Shares of ENOC are ripping higher today after the stock was upgraded by analysts at Needham & Company from a neutral to buy rating. They now have a $7.50 price target on the stock.
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From a technical perspective, ENOC is gapping up sharply higher here on above-average volume. This move has pushed ENOC into breakout territory since the stock has moved above some near-term overhead resistance at $5.95 to $6.19. This move has also pushed ENOC right near its 50-day moving average of $6.63. At last check, ENOC had hit an intraday high of $6.66, but since then it’s pulled back to its current price around $6.25.
Traders should now look for long-biased trades once ENOC takes out its 50-day moving average at $6.63 with high-volume. Look for a sustained move or close above $6.63 with volume that’s near or above 351,676 shares. If we get that action soon, look for ENOC to make a big run at its next significant overhead resistance levels at $7.94 to $8.27, or possibly its 200-day moving average of $9.05.
Keep in mind that ENOC will only have a chance at hitting those targets if it’s trending above its 50-day with strong upside volume flows.
Pilgrim’s Pride
Pilgrim’s Pride (PPC) is a chicken producer with operations in the United States, Mexico and Puerto Rico. This stock is trading up 7.2% at $7.98 in recent trading.
Today’s Range: $7.33-$8.15
52-Week Range: $2.91-$7.80
Volume: 1.8 million
Three-Month Average Volume: 939,511
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From a technical perspective, PPC is bouncing sharply higher here right off its 50-day moving average of $7.19 with monster volume. This move has pushed PPC into breakout territory since its trending above some near-term overhead resistance at $7.80. This move is also quickly pushing PPC within range of triggering an even bigger breakout trade. That trade will hit once PPC takes out some past overhead resistance at $8.61 with high volume.
Traders should now look for long-biased trades once PPC takes out $8.61 with volume that’s near or above 939,511 shares. If we get that action soon, then PPC could continue its uptrend back towards its next significant overhead resistance level at $13.05.
Keep in mind that PPC will only have a chance of hitting that target if it’s trending above $8.61 with strong upside volume flows.
YRC Worldwide
YRC Worldwide (YRCW), through its subsidiaries, provides various transportation services worldwide. This stock is trading up 6.9% to $5.87 in recent trading.
Today’s Range: $5.52-$6.00
52-Week Range: $4.56-$567.00
Volume: 58,000
Three-Month Average Volume: 222,505
From a technical perspective, YRCW is ripping higher here on below-average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once YRCW takes out some near-term overhead resistance at $6.54 and then its 50-day moving average of $6.62 with high volume.
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Traders should now look for long-biased trades once YRCW can sustain a move or close above those levels with volume that’s near or above 222,505 shares. If we get that action, then YRCW could re-test its next significant overhead resistance levels at $8.66 to $9.87.
Keep in mind that those targets are only reachable if YRCW is trending above its 50-day with strong upside volume flows.
Clearwire
Clearwire (CLWR) is a provider of fourth-generation wireless broadband services. This stock is trading up 8.3% to $1.29 in recent trading.
Today’s Range: $1.20-$1.31
52-Week Range: $1.00-$4.77
Volume: 18.2 million
Three-Month Average Volume: 16 million
From a technical perspective, CLWR is bouncing hard here off of oversold conditions. This stock has plunged in the last two months from a high of $2.48 to a low of $1.00. That low pushed CLWR into extremely oversold conditions since its relative strength index was hitting readings well below 30.
Traders should now look for long-biased trades if CLWR can trigger a near-term breakout trade above $1.38 to $1.57 with high-volume. Look for a sustained move or close above those levels on volume that’s near or above 15,997,300 shares. If we get that action soon, then CLWR could easily hit its 50-day moving average of $1.80 or possibly much higher.
I would avoid any long trades in CLWR if it failed to trigger that move, and then dropped below some near-term support at $1.20 with high-volume.
To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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