DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.
>>5 Stocks Set to Soar on Bullish Earnings
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 Stocks Ready for Breakouts
With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside.
Advaxis
Advaxis (ADXS), a clinical development stage biotechnology company, focuses on developing immunotherapies for cancer and infectious diseases. This stock closed up 8.9% to $3.05 in Tuesday's trading session.
Tuesday's Range: $2.85-$3.15
52-Week Range: $0.04-$11.70
Tuesday's Volume: 567,000
Three-Month Average Volume: 243,962
From a technical perspective, ADXS exploded higher here back above its 50-day moving average of $2.89 with above-average volume. This move pushed shares of ADXS into breakout territory, since the stock took out some near-term overhead resistance at $2.85. Shares of ADXS are now quickly moving within range of triggering another major breakout trade. That trade will hit if ADXS manages to take out Tuesday's intraday high of $3.15 to some more key overhead resistance levels at $3.19 to $3.29 with high volume.
Traders should now look for long-biased trades in ADXS as long as it's trending above Tuesday's low of $2.85 or right around more support at $2.75 and then once it sustains a move or close above those breakout levels with volume that hits near or above 243,962 shares. If that breakout materializes soon, then ADXS will set up to re-fill some of its previous gap-down-day zone from March that started at $4.75.
ServiceSource International
ServiceSource International (SREV) provides recurring revenue management, maintenance, support and subscription for technology and technology-enabled health care and life sciences companies. This stock closed up 2.4% to $4.56 in Tuesday's trading session.
Tuesday's Range: $4.45-$4.58
52-Week Range: $3.95-$13.69
Thursday's Volume: 703,000
Three-Month Average Volume: 1.18 million
From a technical perspective, SREV bounced notably higher here right above some near-term support at $4.43 with lighter-than-average volume. This bounce higher on Tuesday is starting to push shares of SREV within range of triggering a major breakout trade. That trade will hit if SREV manages to take out Tuesday's intraday high of $4.58 and then once it clears some more key overhead resistance levels at $4.72 to its gap-down-day high of $4.99 with high volume.
Traders should now look for long-biased trades in SREV as long as it's trending above near-term support at $4.43 or above $4.38 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.18 million shares. If that breakout hits soon, then SREV will set up to re-fill some of its previous gap-down-day zone from early May that started just above $6.
Novavax
Novavax (NVAX), a clinical-stage biopharmaceutical company, focuses on discovering, developing and commercializing recombinant protein nanoparticle vaccines and adjuvants. This stock closed up 1% to $4.77 in Tuesday's trading session.
Tuesday's Range: $4.65-$4.94
52-Week Range: $1.68-$6.95
Tuesday's Volume: 3.38 million
Three-Month Average Volume: 4.50 million
From a technical perspective, NVAX jumped modestly higher here right above some near-term support at $4.60 and above its 50-day moving average of $4.30 with decent upside volume flows. This stock has been uptrending strong for the last month and change, with shares moving higher from its low of $3.34 to its recent high of $5.20. During that uptrend, shares of NVAX have been making mostly higher lows and higher highs, which is bullish technical price action. Shares of NVAX are now starting to move within range of triggering a near-term breakout trade. That trade will hit if NVAX manages to take out Tuesday's intraday high of $4.94 to some more near-term overhead resistance at $5.20 with high volume.
Traders should now look for long-biased trades in NVAX as long as it's trending above support at $4.60 or above its 200-day at $4.26 and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.50 million shares. If that breakout begins soon, then NVAX will set up to re-test or possibly take out its next major overhead resistance levels at $5.75 to $6, or even $6.50.
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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