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.
Mueller Water Products
Mueller Water Products (MWA) is a manufacturer and marketer of a broad range of water infrastructure, flow control and piping component system products for use in water distribution networks and water treatment facilities in North America. This stock closed up 2.3% to $7.83 in Thursday's trading session.
Thursday's Range: $7.61-$7.84
52-Week Range: $3.83-$8.13
Thursday's Volume: 1.04 million
Three-Month Average Volume: 1.37 million
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From a technical perspective, MWA trended modestly higher here right above its 50-day moving average of $7.43 with decent upside volume. This stock has been uptrending strong for the last two months and change, with shares moving higher from its low of $6.02 to its recent high of $8.13. During that move, shares of MWA have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MWA within range of triggering a near-term breakout trade. That trade will hit if MWA manages to take out its 52-week high at $8.13 with high volume.
Traders should now look for long-biased trades in MWA as long as it's trending above its 50-day at $7.43 or above more key near-term support levels at $7.29 to $7.16 and then once it sustains a move or close above its 52-week high at $8.13 with volume that hits near or above 1.37 million shares. If that breakout hits soon, then MWA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $12.
Inteliquent
Inteliquent (IQNT) provides wholesale voice services for carriers and service providers. This stock closed up 2.2% to $8.25 in Thursday's trading session.
Thursday's Range: $7.92-$8.39
52-Week Range: $2.10-$11.30
Thursday's Volume: 608,000
Three-Month Average Volume: 704,432
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From a technical perspective, IQNT trended modestly higher here right above its 50-day moving average of $7.24 with decent upside volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $5.73 to its intraday high of $8.39. During that move, shares of IQNT have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IQNT within range of triggering a major breakout trade. That trade will hit if IQNT manages to take out some near-term overhead resistance levels at $8.54 to $9.07 with high volume.
Traders should now look for long-biased trades in IQNT as long as it's trending above its 50-day at $7.24 or above more near-term support at $7.01 and then once it sustains a move or close above those breakout levels with volume that hits near or above 704,432 shares. If that breakout hits soon, then IQNT will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $12.
Cache
Cache (CACH) is a mall-based specialty retailer of lifestyle sportswear and dresses targeting style-conscious women. This stock closed up 7.1% to $4.82 in Thursday's trading session.
Thursday's Range: $4.48-$4.84
52-Week Range: $1.59-$4.99
Thursday's Volume: 117,000
Three-Month Average Volume: 71,035
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From a technical perspective, CACH ripped higher here right off its 50-day moving average of $4.52 with above-average volume. This move is quickly pushing shares of CACH within range of triggering a big breakout trade. That trade will hit if CACH manages to take out its 52-week high at $4.99 and some past resistance at $5 with high volume.
Traders should now look for long-biased trades in CACH as long as it's trending above some key near-term support at $4.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 71,035 shares. If that breakout triggers soon, then CACH 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 to $6.50.
Westell Technologies
Westell Technologies (WSTL) designs, manufactures and distributes telecommunications products to telephone companies and other telecommunications service providers. This stock closed up 6.9% to $3.09 in Thursday's trading session.
Thursday's Range: $2.89-$3.10
52-Week Range: $1.73-$3.15
Thursday's Volume: 153,000
Three-Month Average Volume: 190,163
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From a technical perspective, WSTL ripped higher here right above some near-term support at $2.82 with lighter-than-average volume. This stock has been uptrending strong for the last four months, with shares pushing higher from its low of $1.90 to its recent high of $3.15. During that uptrend, shares of WSTL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of WSTL within range of triggering a near-term breakout trade. That trade will hit if WSTL manages to take out Thursday's high of $3.10 and then its 52-week high at $3.15 with high volume.
Traders should now look for long-biased trades in WSTL as long as it's trending above some key near-term support levels at $2.82 or its 50-day at $2.71 and then once it sustains a move or close above those breakout levels with volume that hits near or above 190,163 shares. If that breakout triggers soon, then WSTL will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $3.60 to $4.
Dolan
Dolan (DM) is a provider of necessary business information and professional services to the legal, financial and real estate sectors in the U.S. This stock closed up 6.2% to $2.20 in Thursday's trading session.
Thursday's Range: $2.05-$2.23
52-Week Range: $1.37-$5.73
Thursday's Volume: 184,000
Three-Month Average Volume: 293,875
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From a technical perspective, DM jumped higher here right above some near-term support at $2 and back above its 50-day moving average at $2.08 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last month, with shares moving between $1.95 on the downside and $2.35 on the upside. Shares of DM are now starting to move within range of triggering a near-term breakout trade above the upper end of its recent sideways trading chart pattern. That breakout will hit if DM manages to take out some near-term overhead resistance levels at $2.25 to $2.35 with high volume.
Traders should now look for long-biased trades in DM as long as it's trending above its 50-day at $2.08 or above more near-term support at $2 to $1.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 293,875 shares. If that breakout triggers soon, then DM will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $2.60 to $2.84. Any high-volume move above those levels will then put $3 to $3.20 into range for shares of DM.
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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