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.
Cyan
Cyan (CYNI) provides carrier-grade networking solutions that transform disparate and inefficient legacy networks into open, high-performance networks. This stock closed up 2.6% to $3.94 in Tuesday's trading session.
Tuesday's Range: $3.87-$4.19
52-Week Range: $3.61-$15.05
Tuesday's Volume: 1.19 million
Three-Month Average Volume: 185,685
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From a technical perspective, CYNI spiked modestly higher here right above its 52-week low of $3.61 with monster upside volume. This stock has been downtrending badly for the last three months and change, with shares falling from its high of $11.29 to its recent low of $3.61. During that downtrend, shares of CYNI have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of CYNI into oversold territory, since its current relative strength index reading is 12.58. Oversold can always get more oversold, but it's also an area where a stock can make a powerful bounce higher from.
Traders should now look for long-biased trades in CYNI as long as it's trending above its 52-week low of $3.61 and then once it sustains a move or close above Tuesday's high of $4.19 with volume that hits near or above 185,685 shares. If we get that move soon, then CYNI will set up to re-test or possibly take out its next major overhead resistance levels at $4.50 to $5, or possibly even $6.
Cimatron
Cimatron (CIMT) designs, develops, manufactures, markets and supports a family of modular, high-performance CAD/CAM software products. This stock closed up 7.4% to $7.50 in Tuesday's trading session.
Tuesday's Range: $7.22-$7.85
52-Week Range: $4.02-$12.88
Tuesday's Volume: 1.32 million
Three-Month Average Volume: 278,455
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From a technical perspective, CIMT spiked sharply higher here right above its 200-day moving average of $6.84 with monster upside volume. This move briefly pushed shares of CIMT into breakout territory, since the stock flirted with some near-term overhead resistance at $7.59. Shares of CIMT closed just below that level at $7.50 with strong volume. Market players should now look for a continuation move higher in the short-term if CIMT can manage to take out Tuesday's intraday high soon.
Traders should now look for long-biased trades in CIMT as long as it's trending above its 200-day at $6.84 or its 50-day at $6.29 and then once it sustains a move or close above Tuesday's high of $7.85 with volume that hits near or above 278,455 shares. If we get that move soon, then CIMT will set up to re-test or possibly take out its next major overhead resistance level at $8.70 to $9. Any high-volume move above those levels will then give CIMT a chance to tag $10.
Alteva
Alteva (ALTV) provides cloud-based unified communications solutions for the medium business, large business and enterprise markets. This stock closed up 6.7% to $7.76 in Tuesday's trading session.
Tuesday's Range: $7.50-$7.91
52-Week Range: $5.76-$12.58
Tuesday's Volume: 104,000
Three-Month Average Volume: 51,986
From a technical perspective, ALTV spiked sharply higher here right off its 50-day moving average of $7.59 with above-average volume. This move briefly pushed shares of ALTV into breakout territory, since the stock flirted with some near-term overhead resistance at $7.85. Shares of ALTV closed just below that level at $7.76 with solid upside volume. Market players should now look for a continuation move higher in the short-term if ALTV can manage to take out some near-term overhead resistance levels.
Traders should now look for long-biased trades in ALTV as long as it's trending above its 50-day at $7.59 or above more support at $7 and then once it sustains a move or close above Tuesday's high of $7.91 to more resistance at $8 with volume that's near or above 51,986 shares. If we get that move soon, then ALTV will set up to re-test or possibly take out its next major overhead resistance levels $8.55 to its 200-day moving average at $9.14. Any high-volume move above those levels will then give ALTV a chance to tag $10.
Emulex
Emulex (ELX) is engaged in network connectivity, monitoring and management products, providing solutions for global networks that support enterprise, cloud, government and telecommunications. This stock closed up 3% to $7.77 in Tuesday's trading session.
Tuesday's Range: $7.86-$8.05
52-Week Range: $5.27-$8.99
Tuesday's Volume: 2.34 million
Three-Month Average Volume: 647,897
From a technical perspective, ELX spiked higher here right off its 50-day moving average of $7.69 with heavy upside volume. This move is quickly pushing shares of ELX within range of triggering a major breakout trade. That trade will hit if ELX manages to take out some near-term overhead resistance levels at $8.08 to $8.33, and then once it takes out some past resistance at $8.46 to its 52-week high at $8.99 with high volume.
Traders should now look for long-biased trades in ELX as long as it's trending above its 50-day at $7.77 or above its 200-day at $7.07 and then once it sustains a move or close above those breakout levels with volume that hits near or above 647,897 shares. If that breakout hits soon, then ELX will set up to re-test or possibly take out its next major overhead resistance levels at $10 to $11.
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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