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.
LightIn TheBox
LightIn TheBox (LITB) is a global online retail company that delivers products directly to consumers globally. This stock closed up 8.7% to $8.75 in Tuesday's trading session.
Tuesday's Range: $8.00-$8.90
52-Week Range: $7.63-$23.38
Tuesday's Volume: 627,000
Three-Month Average Volume: 983,366
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From a technical perspective, LITB spiked sharply higher here right above some near-term support at $7.63 with decent upside volume. This stock has been downtrending badly for the last month and change, with shares dropping from its high of $12.86 to its recent low of $7.63. During that move, shares of LITB have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of LITB have now started to come off that low of $7.63 and broke out on Monday above some near-term overhead resistance at $8.45. This move could be signaling that downside volatility for LITB could be over in the short-term.
Traders should now look for long-biased trades in LITB as long as it's trending above Tuesday's low of $8 or above more near-term support at $7.63 and then once it sustains a move or close above Tuesday's high of $8.90 to more resistance at $9.25 with volume that hits near or above 983,366 shares. If we get that move soon, then LITB will set up to re-test or possibly take out its next major overhead resistance levels $10 to its 50-day moving average of $10.77. If those levels get taken out with volume, then LITB could even hit $12 to $12.50.
GSE Holding
GSE Holding (GSE) provides geosynthetic containment solutions for environmental protection and confinement applications. This stock closed up 5.4% to $2.89 in Tuesday's trading session.
Tuesday's Range: $2.75-$2.91
52-Week Range: $1.92-$8.43
Tuesday's Volume: 100,000
Three-Month Average Volume: 183,489
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From a technical perspective, GSE ripped higher here right above some near-term support at $2.66 and above its 50-day moving average of $2.45 with lighter-than-average volume. This move is starting to push shares of GSE within range of triggering a major breakout trade. That trade will hit if GSE manages to take out some near-term overhead resistance levels at $3 to $3.27 with high volume.
Traders should now look for long-biased trades in GSE as long as it's trending above $2.66 or above its 50-day at $2.45 and then once it sustains a move or close above those breakout levels with volume that hits near or above 183,489 shares. If that breakout hits soon, then GSE will set up to re-test or possibly take out its next major overhead resistance level at $4. Any high-volume move above $4 to $4.20 will then give GSE a chance to re-fill some of its previous gap down zone from August that started at $5.50.
Monster Worldwide
Monster Worldwide (MWW) provides global online employment solutions. This stock closed up 4.9% to $5.35 in Tuesday's trading session.
Tuesday's Range: $5.04-$5.39
52-Week Range: $4.02-$6.40
Tuesday's Volume: 3.01 million
Three-Month Average Volume: 2.50 million
From a technical perspective, MWW spiked higher here right above its 200-day moving average of $4.92 with above-average volume. This stock recently gapped sharply higher from under $4.40 to $5.41 with heavy upside volume. Shares of MWW are now quickly moving within range of triggering a near-term breakout trade. That breakout will hit if MWW manages to take out Tuesday's high of $5.39 to more resistance at $5.41 with high volume.
Traders should now look for long-biased trades in MWW as long as it's trending above its 200-day at $4.92 or above its gap down day low of $4.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.50 million shares. If that breakout hits soon, then MWW will set up to re-test or possibly take out its next major overhead resistance levels at $6.01 to its 52-week high at $6.40. Any high-volume move above those levels will then give MWW a chance to tag $7.
InnerWorkings
InnerWorkings (INWK) is a provider of managed print and promotional procurement solutions to corporate clients across a range of industries. This stock closed up 1.5% to $6.10 in Tuesday's trading session.
Tuesday's Range: $5.95-$6.13
52-Week Range: $5.54-$15.80
Tuesday's Volume: 1.31 million
Three-Month Average Volume: 424,352
From a technical perspective, INWK trended modestly higher here with strong upside volume. This stock recently gapped down sharply from $9.75 to its low of $5.54 with heavy downside volume. Following that move, shares of INWK have now started to rebound and move within range of triggering a big breakout trade. That trade will hit if INWK manages to take out Tuesday's high of $6.13 to its gap down day high of $6.50 with high volume.
Traders should now look for long-biased trades in INWK as long as it's trending above that recent low of $5.54 and then once it sustains a move or close above those breakout levels with volume that hits near or above 424,352 shares. If that breakout hits soon, then INWK will set up to re-fill some of that previous gap down zone that started at $9.75.
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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