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.
>>5 Tech Stocks to Trade for Gains This Week
With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
Synthesis Energy Systems
Synthesis Energy Systems (SYMX), a development stage energy and gasification technology company, provides various proprietary gasification technology systems and solutions to the energy and chemical industries worldwide. This stock closed up 5.5% to $1.70 in Tuesday's trading session.
Tuesday's Range: $1.62-$1.72
52-Week Range: $0.60-$2.49
Tuesday's Volume: 438,000
Three-Month Average Volume: 376,653
From a technical perspective, SYMX ripped higher here right above some near-term support at $1.61 and back above its 50-day moving average of $1.65 with above-average volume. This stock recently pulled back from its high of $1.95 to its recent low of $1.61. Shares of SYMX are now starting to rebound off that $1.61 low with decent upside volume flows. Market players should now look for a continuation move to the upside in the short-term if SYMX manages to take out Tuesday's intraday high of $1.72 to some more near-term overhead resistance at $1.80 with high volume.
Traders should now look for long-biased trades in SYMX as long as it's trending above some near-term support levels at $1.61 or around $1.50 and then once it sustains a move or close above $1.72 to $1.80 with volume that hits near or above 376,653 shares. If that move kicks off soon, then SYMX will set up to re-test or possibly take out its next major overhead resistance levels at $1.90 to $1.95, or even $2.09. Any high-volume move above those levels will then give SYMX a chance to re-test or take out its 52-week high at $2.49.
ION Geophysical
ION Geophysical (IO) provides geophysical technology, services and solutions to the oil and gas industry worldwide. This stock closed up 2.6% to $4.30 in Tuesday's trading session.
Tuesday's Range: $4.11-$4.30
52-Week Range: $2.81-$6.58
Tuesday's Volume: 1.40 million
Three-Month Average Volume: 1.19 million
From a technical perspective, IO jumped notably higher here right off its 50-day moving average of $4.16 and just above its 200-day moving average or $4.02 with above-average volume. This stock has been uptrending a bit for the last two months, with shares moving higher from its low of $3.85 to its recent high of $4.40. During that move, shares of IO have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IO within range of triggering a major breakout trade. That trade will hit if IO manages to take out some key near-term overhead resistance levels at $4.36 to $4.40 and then once it clears more resistance levels at $4.60 to $4.73 with high volume.
Traders should now look for long-biased trades in IO as long as it's trending above Tuesday's intraday low of $4.11 or above its 200-day at $4.02 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.19 million shares. If that breakout gets started soon, then IO will set up to re-test or possibly take out its next major overhead resistance levels at $5 to $5.50. Any high-volume move above $5.50 will then give IO a chance to make a run at $6.
SandRidge Energy
SandRidge Energy (SD), together with its subsidiaries, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the U.S. This stock closed up 2% to $6.97 in Tuesday's trading session.
Tuesday's Range: $6.72-$7.05
52-Week Range: $4.79-$7.43
Tuesday's Volume: 17.21 million
Three-Month Average Volume: 7.82 million
From a technical perspective, SD trended modestly higher here back above its 50-day moving average of $6.84 with monster upside volume. This stock has been uptrending strong for the last six months, with shares moving higher from its low of $5.80 to its recent high of $7.43. During that uptrend, shares of SD have been consistently making higher lows and higher highs, which is bullish technical price action. This spike higher on Tuesday is starting to push shares of SD within range of triggering a big breakout trade. That trade will hit if SD manages to take out some resistance at $7.20 to its 52-week high at $7.43 and then when it clears some past resistance at $7.47 to $7.80 with high volume.
Traders should now look for long-biased trades in SD as long as it's trending above Tuesday's intraday low of $6.72 or above more support near $6.50 and then once it sustains a move or close above those breakout levels with volume that hits near or above 7.82 million shares. If that breakout begins soon, then SD 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 $8.16 to $8.50, or even $8.98 to $9.04.
Revolution Lighting Technologies
Revolution Lightning Technologies (RVLT), together with its subsidiaries, designs, manufactures, markets and sells LED replacement lamps and fixtures; and LED-based signage, channel-letter, and contour lighting products. This stock closed up 2.7% to $2.62 in Tuesday's trading session.
Tuesday's Range: $2.46-$2.65
52-Week Range: $2.01-$5.50
Tuesday's Volume: 905,000
Three-Month Average Volume: 341,784
From a technical perspective, RVLT jumped higher here right above its 50-day moving average of $2.41 with above-average volume. This stock recently formed a double bottom chart pattern at $2.15 to $2.22. Following that bottom, shares of RVLT have started to gap and spike higher and move back above its 50-day moving average. Market players should now look for a continuation move to the upside in the short-term if RVLT manages to take out Tuesday's intraday high of $2.65 with strong upside volume.
Traders should now look for long-biased trades in RVLT as long as it's trending above its 50-day at $2.41 or above those double bottom support zones and then once it sustains a move or close above $2.65 with volume that hits near or above 341,784 shares. If that move gets started soon, then RVLT will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $3.03 to $3.05, or even $3.23 to $3.40.
To see more stocks that are making notable moves higher, 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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