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.
Anthera Pharmaceuticals
Anthera Pharmaceuticals (ANTH) is a biopharmaceutical company focused on developing and commercializing products to treat autoimmune diseases. This stock closed up 7.4% to $3.76 in Thursday's trading session.
Thursday's Range: $3.46-$3.76
52-Week Range: $3.11-$9.36
Thursday's Volume: 224,000
Three-Month Average Volume: 109,798
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From a technical perspective, ANTH soared higher here back above its 50-day moving average of $3.67 with above-average volume. This move also pushed shares of ANTH into breakout territory, since the stock closed just above some near-term overhead resistance at $3.75.
Traders should now look for long-biased trades in ANTH as long as it's trending above its 50-day at $3.67 or above Thursday's low of $3.46 and then once it sustains a move or close above Thursday's high of $3.76 with volume that hits near or above 109,798 shares. If we get that move soon, then ANTH will set up to re-test or possibly take out its next major overhead resistance levels at $4.25 to $4.26. Any high-volume move above those levels will then give ANTH a chance to tag its next major overhead resistance levels at $4.49 to $4.60.
NetSol Technologies
NetSol Technologies (NTWK) designs, develops, markets and exports proprietary software products to customers in the automobile finance and leasing, banking, health care and financial services industries internationally. This stock closed up 4.8% to $7.59 in Thursday's trading session.
Thursday's Range: $7.27-$7.64
52-Week Range: $5.70-$14.01
Thursday's Volume: 232,000
Three-Month Average Volume: 222,998
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From a technical perspective, NTWK ripped higher here right off some near-term support at $7.20 with above-average volume. This stock has been downtrending badly for the last two months, with shares dropping sharply from its high of $12.10 to its recent low of 7.03. During that downtrend, shares of NTWK have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed shares of NTWK into oversold territory, since is relative strength index reading recently dipped well below 30. This spike higher on Thursday could be signaling that the downside volatility for NTWK could be over in the short-term.
Traders should now look for long-biased trades in NTWK as long as it's trending above its recent lows of $7.20 or $7.03 and then once it sustains a move or close above Thursday's high of $7.64 with volume that hits near or above 222,998 shares. If we get that move soon, then NTWK will set up to re-test or possibly take out its next major overhead resistance levels a $8.71 to its 50-day moving average of $9.43.
U.S. Auto Parts Network
U.S. Auto Parts Network (PRTS) is a distributor of aftermarket auto parts and accessories. This stock closed up 3.2% to $1.93 in Thursday's trading session.
Thursday's Range: $1.78-$1.99
52-Week Range: $0.91-$3.18
Thursday's Volume: 108,000
Three-Month Average Volume: 197,578
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From a technical perspective, PRTS trended higher here right off some near-term support at $1.80 with lighter-than-average volume. This stock has been consolidating and trending sideways since pulling back off its recent high of $3.18, with shares moving between $1.60 on the downside and $2.20 on the upside. Shares of PRTS are now starting to move within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if PRTS manages to take out some near-term overhead resistance levels at $2 to $2.20 with high volume.
Traders should now look for long-biased trades in PRTS as long as it's trending above some near-term support at $1.60 and then once it sustains a move or close above those breakout levels with volume that hits near or above 197,578 shares. If that breakout triggers soon, then PRTS will set up to re-test or possibly take out its 52-week high at $3.18.
Kratos Defense & Security Solutions
Kratos Defense & Security Solutions (KTOS) is a specialized national security technology business providing mission critical products, services and solutions for U.S. national security priorities. This stock closed up 1.2% to $8.66 in Thursday's trading session.
Thursday's Range: $8.46-$8.69
52-Week Range: $4.08-$9.16
Thursday's Volume: 257,000
Three-Month Average Volume: 532,474
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From a technical perspective, KTOS trended modestly higher here right off its 50-day moving average of $8.31 with lighter-than-average volume. This stock has been trending sideways and consolidating for the last two months, with shares moving between $7.95 on the downside and $9.16 on the upside. Shares of KTOS are now starting to push within range of triggering a major breakout trade above the upper-end of its recent range. That breakout will hit if KTOS manages to take out some near-term overhead resistance levels at $8.80 to $8.86, and then once it takes out its 52-week high at $9.16 with high volume.
Traders should now look for long-biased trades in KTOS as long as it's trending above its 50-day at $8.31 or above more near-term support at $7.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 532,474 shares. If that breakout hits soon, then KTOS will set up to enter new 52-week-high territory above $9.16, which is bullish technical price action. Some possible upside targets off that breakout are $10 to $11, or even $12.
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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