DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Big Stocks to Trade for Gains
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.
YRC Worldwide
YRC Worldwide (YRCW), through its subsidiaries, provides various transportation services primarily in North America. This stock closed up 2.3% to $9.52 in Thursday's trading session.
Thursday's Range: $8.65-$9.55
52-Week Range: $5.75-$36.99
Thursday's Volume: 790,000
Three-Month Average Volume: 609,580
From a technical perspective, YRCW spiked 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 $21.87 to its intraday low of $8.65. During that downtrend, shares of YRCW have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of YRCW have now entered oversold territory, since its current relative strength index reading is 21.41. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from. This spike higher on Thursday with volume could be signaling the downside volatility is over for YRCW in the short-term, and the stock is ready for an oversold bounce higher.
Traders should now look for long-biased trades in YRCW as long as it's trending above Thursday's low of $8.65, and then once it sustains a move or close above Thursday's high of $9.55 to $10 with volume that hits near or above 609,580 shares. If we get that move soon, then YRCW could bounce sharply higher and possibly tag $12 to $14.
Pengrowth Energy
Pengrowth Energy (PGH) is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. This stock closed up 3% to $6.45 in Thursday's trading session.
Thursday's Range: $6.21-$6.46
52-Week Range: $3.82-$6.50
Thursday's Volume: 1.47 million
Three-Month Average Volume: 1.39 million
From a technical perspective, PGH spiked higher here right above some near-term support at $6.08 and its 50-day at $5.94 with above-average volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $5.24 to its recent high of $6.50. During that uptrend, shares of PGH have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PGH within range of triggering a big breakout trade. That trade will hit if PGH manages to take out Thursday's high of $6.46 to its 52-week high at $6.50, and then once it clears some past overhead resistance levels at $6.76 to $6.79 with high volume.
Traders should now look for long-biased trades in PGH as long as it's trending above $6.08 or its 50-day at $5.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.39 million shares. If that breakout triggers soon, then PGH will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $8 to $9, or even $9.50.
Century Casinos
Century Casinos (CNTY) is an international casino entertainment company that develops and operates gaming establishments and related lodging and restaurant facilities around the world. This stock closed up 1.5% to $5.86 in Thursday's trading session.
Thursday's Range: $5.60-$5.87
52-Week Range: $2.48-$6.20
Thursday's Volume: 220,000
Three-Month Average Volume: 344,515
From a technical perspective, CNTY trended modestly higher here right off its 50-day moving average of $5.63 with lighter-than-average volume. This stock has been uptrending for the last month, with shares moving higher from its low of $4.87 to its recent high of $6.10. During that uptrend, shares of CNTY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CNTY within range of triggering a near-term breakout trade. That trade will hit if CNTY manages to take out some near-term overhead resistance levels at $6.10 to $6.15, and then once it clears its 52-week high at $6.20 with high volume.
Traders should now look for long-biased trades in CNTY as long as it's trending above some key near-term support at $5.54 or at $5.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 344,515 shares. If that breakout hits soon, then CNTY will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $7 to $8.
Prana Biotechnology
Prana Biotechnology (PRAN) researches and develops therapeutic drugs for the treatment of neurological disorders, primarily focused on the Alzheimer's, Parkinson's and Huntington's diseases, as well as various cancer and age-related macular degeneration. This stock closed up 2.5% to $4.51 in Thursday's trading session.
Thursday's Range: $4.36-$4.73
52-Week Range: $1.81-$6.50
Thursday's Volume: 1.56 million
Three-Month Average Volume: 726,132
From a technical perspective, PRAN bounced higher here right off its 50-day moving average of $4.35 with heavy upside volume. This move is quickly pushing shares of PRAN within range of triggering a near-term breakout trade. That trade will hit if PRAN manages to take out Thursday's high of $4.73 to some near-term overhead resistance at $4.87 with high volume.
Traders should now look for long-biased trades in PRAN as long as it's trending above its 50-day at $4.35 and then once it sustains a move or close above those breakout levels volume that hits near or above 726,132 shares. If that breakout hits soon, then PRAN will set up to re-test or possibly take out its next major overhead resistance levels at $5.59 to its 52-week high at $6.50.
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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