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.
Comstock
Comstock (CHCI) is a multi-faceted real estate development and services company. This stock closed up 7.1% to $2.10 in Tuesday's trading session.
Tuesday's Range: $2.00-$2.17
52-Week Range: $0.48-$3.65
Tuesday's Volume: 74,000
Three-Month Average Volume: 105,114
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From a technical perspective, CHCI bounced higher here right above its 50-day moving average of with lighter-than-average volume. This move briefly pushed shares of CHCI back above its 200-day moving average of $2.13, before the stock closed just below that level at $2.10. Shares of CHCI are now quickly moving within range of triggering a big breakout trade. That trade will hit if CHCI manages to take out Tuesday's high of $2.17 to some past overhead resistance at $2.20 with high volume.
Traders should now look for long-biased trades in CHCI as long as it's trending above its 50-day at $1.94 and then once it sustains a move or close above those breakout levels with volume that hits near or above 105,114 shares. If that breakout hits soon, then CHCI will set up to re-test or possibly take out its next major overhead resistance levels at $2.60 to $2.80, or possibly $3.
Sandstorm Gold
Sandstorm Gold (SAND) is a growth focused resource based company that seeks to complete gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. This stock closed up 6.1% to $5.51 in Tuesday's trading session.
Tuesday's Range: $5.24-$5.54
52-Week Range: $4.71-$14.76
Tuesday's Volume: 729,000
Three-Month Average Volume: 685,886
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From a technical perspective, SAND ripped higher here right above some near-term support at $5 with above-average volume. This move is quickly pushing shares of SAND within range of triggering a near-term breakout trade. That trade will hit if SAND manages to take out its 50-day moving average at $5.75, and then once it clears some near-term overhead resistance at $6.21 with high volume.
Traders should now look for long-biased trades in SAND as long as it's trending above some near-term support at $5 and then once it sustains a move or close above those breakout levels with volume that hits near or above 685,886 shares. If that breakout hits soon, then SAND will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.50.
Ur-Energy
Ur-Energy (URG) is an exploration stage junior mining company engaged in the identification, acquisition, exploration, evaluation and development of uranium mineral properties in the U.S. and Canada. This stock closed up 5.9% to $1.07 in Tuesday's trading session.
Tuesday's Range: $1.01-$1.08
52-Week Range: $0.70-$1.39
Tuesday's Volume: 339,000
Three-Month Average Volume: 399,831
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From a technical perspective, URG spiked sharply higher here right off its 200-day moving average at $1 and right into its 50-day moving average at $1.07 with decent upside volume. This move is quickly pushing shares of URG within range of triggering a near-term breakout trade. That trade will hit if URG manages to take out some near-term overhead resistance at $1.08 with high volume.
Traders should now look for long-biased trades in URG as long as it's trending above its 200-day at $1 or above some more near-term support at 96 cents and then once it sustains a move or close above $1.08 with volume that hits near or above 399,831 shares. If that breakout hits soon, then URG will set up to re-test or possibly take out its next major overhead resistance levels at $1.16 to $1.22. Any high-volume move above those levels will then give URG a chance to tag its 52-week high at $1.39.
Prosensa
Prosensa (RNA) is engaged in the discovery and development of RNA-modulating therapeutics for the treatment of rare genetic disorders. This stock closed up 5.4% to $4.43 in Tuesday's trading session.
Tuesday's Range: $4.24-$4.44
52-Week Range: $4.16-$34.55
Thursday's Volume: 151,000
Three-Month Average Volume: 601,600
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From a technical perspective, RNA ripped higher here right above its recent low of $4.16 with lighter-than-average volume. This stock has been downtrending badly for the last month, with shares moving lower from its high just above $7.50 to its low of $4.16. During that downtrend, shares of RNA have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of RNA into oversold territory, since its current relative strength index reading is 23.70. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.
Traders should now look for long-biased trades in RNA as long as it's trending above that recent low of $4.16 and then once it sustains a move or close above some near-term overhead resistance levels at $4.50 to $5 with volume that hits near or above 601,600 shares. If we get that move soon, then RNA will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $7. Any high-volume move above $7.50 will then give RNA a chance to re-fill some of its previous gap down zone from September that started at $24.
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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