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.
Global Telecom & Technology
Global Telecom & Technology (GTT) is a cloud network provider delivering simplicity, speed and agility to enterprise, government and carrier customers in over 80 countries worldwide. This stock closed up 6.5% to $4.59 in Thursday's trading session.
Thursday's Range: $4.39-$4.60
52-Week Range: $1.02-$4.75
Thursday's Volume: 77,000
Three-Month Average Volume: 12,816
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From a technical perspective, GTT bounced sharply higher here right above its 50-day moving average of $4.28 with above-average volume. This move is quickly pushing shares of GTT within range of triggering a near-term breakout trade. That trade will hit if GTT manages to take out Thursday's high of $4.60 and then once it clears its 52-week high at $4.75 with high volume.
Traders should now look for long-biased trades in GTT as long as it's trending above its 50-day at $4.28 or above more near-term support at $4.01 and then once it sustains a move or close above those breakout levels with volume that hits near or above 12,816 shares. If that breakout triggers soon, then GTT will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6 or $7.
FalconStor Software
FalconStor Software (FALC) provides disk-based data protection. This stock closed up 11.7% to $1.33 a share in Thursday's trading session.
Thursday's Range: $1.14-$1.36
52-Week Range: $0.88-$2.89
Thursday's Volume: 627,000
Three-Month Average Volume: 264,280
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From a technical perspective, FALC skyrocketed higher here right above some near-term support at $1.10 with strong upside volume flows. This stock had been downtrending badly for the last three months, with shares falling from its high of $1.90 to its recent low of 88 cents per share. After hitting that low, shares of FALC have reversed its downtrend and entered a new uptrend. That move has now pushed shares of FALC within range of triggering a near-term breakout trade. That trade will hit if FALC manages to take out Thursday's high of $1.36 and then once it clears some past resistance at $1.43 with high volume.
Traders should now look for long-biased trades in FALC as long as it's trending above $1.20 or above Thursday's low of $1.14 and then once it sustains a move or close above those breakout levels with volume that hits near or above 264,280 shares. If that breakout hits soon, then FALC will set up to re-test or possibly take out its next major overhead resistance levels at $1.90 to $2.20.
Rambus
Rambus (RMBS) develops world-changing products and services in security, advanced LED lighting and displays, and immersive mobile media. This stock closed up 2.2% to $8.83 in Thursday's trading session.
Thursday's Range: $8.64-$8.83
52-Week Range: $4.01-$10.85
Thursday's Volume: 576,000
Three-Month Average Volume: 964,248
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From a technical perspective, RMBS trended modestly higher here right above some near-term support at $8.38 with lighter-than-average volume. This stock recently came out of a sharp downtrend, which took the stock from $10.85 to $7.95. Shares of RMBS now look to have put an end to its downside volatility in the short-term, since the stock has reversed course and entered a moderate uptrend over the last few weeks. That move is now pushing shares of RMBS within range of triggering a near-term breakout trade. That trade will hit if RMBS manages to take out its 50-day at $9.14 and then once it clears more resistance at $9.17 with high volume.
Traders should now look for long-biased trades in RMBS as long as it's trending above support at $8.38 or at $7.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 964,248 shares. If that breakout hits soon, then RMBS will set up to re-test or possibly take out its next major overhead resistance levels at $10 to its 52-week high at $10.85.
Glu Mobile
Glu Mobile (GLUU) designs, markets and sells mobile games. This stock closed up 5.3% to $2.35 in Thursday's trading session.
Thursday's Range: $2.23-$2.44
52-Week Range: $1.99-$5.16
Thursday's Volume: 3.54 million
Three-Month Average Volume: 1.53 million
From a technical perspective, GLUU ripped higher here right above some near-term support at $2.10 with monster upside volume. This move is quickly pushing shares of GLUU within range of triggering a near-term breakout trade. That trade will hit if GLUU manages to take out its 50-day moving average at $2.48 and its 200-day moving average at $2.55 and then once it clears more resistance at $2.59 with high volume.
Traders should now look for long-biased trades in GLUU as long as it's trending above Thursday's low of $2.23 or above $2.10 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.53 million shares. If that breakout triggers soon, then GLUU will set up to re-fill its previous gap down zone from August that started at $2.80. If that gap gets will with strong volume, then GLUU could easily tag $3 or $3.25.
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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