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4 Stocks Under $10 Making Big Moves

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At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

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.

With that in mind, let’s take a closer look at several stocks under $10 that were making large moves to the upside on Thursday.

NII Holdings

NII Holdings provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. This stock closed up 7.6 percent to $8.01 in recent trading.

Thursday’s Range: $7.45-$8.58
52-Week Range: $5.65-$31.75
Volume: 7.2 million
Three-Month Average Volume: 6.3 million

From a technical perspective, NII ripped to the upside right off some near-term support at $7.16 with above-average volume. This move briefly pushed NII into breakout territory, since it was trending above some near-term overhead resistance levels at $8.15 to $8.45.

Traders should now look for long-biased trades once NII triggers its next major breakout trade. That trade will hit once it manages to clear some more overhead resistance at $8.76 with high volume. Look for long-biased trades in NII as long as it’s trending above $7.45, and then once it sustains a move or close above $8.45 to $8.76 with volume that hits near or above 6,255,940 shares. If that breakout triggers soon, then look for NII to retest or possibly take out its next major overhead resistance levels at $10.70 to $12.

Central European Media Enterprises

Central European Media Enterprises is a media and entertainment company operating broadcast, content, and new media businesses in Central and Eastern Europe. This stock closed up 4.6 percent to $6.93 in recent trading.

Thursday’s Range: $6.64-$6.98
52-Week Range: $4.63-$12.34
Volume: 189,000
Three-Month Average Volume: 251,342

From a technical perspective, the shares bounced strong right off its 200-day moving average at $6.57 with light volume. This move came after a number of trading sessions that saw the stock trend right around its 200-day. This move is quickly pushing the stock within range of a major breakout trade.

Traders should now look for long-biased trades in its shares as long as it’s trending above $6.57, and then once it sustains a move or close above some overhead resistance at $7.92 with high volume. Look for volume on that move that hits near or above its three-month average action of 251,342 shares. If that breakout triggers soon, then look for Central European Media Enterprises to potentially tag its next significant overhead resistance level at $10.10.

Otelco

Otelco provides a range of telecommunications services on a retail and wholesale basis. This stock closed up 8.6 percent to $2.02 in recent trading.

Thursday’s Range: $1.86-$2.08
52-Week Range: $1.52-$16.73
Volume: 178,000
Three-Month Average Volume: 199,181

From a technical perspective, Otelco ripped to the upside here right off some near-term support at $1.75 with decent volume. This stock was hammered by the sellers during the month of August, with shares plunging from $7.43 to its recent low of $1.52. Since tagging that low, shares of Otelco have started to trend range bound for the last month, with the stock moving between $2.14 on the upside and $1.52 on the downside. Shares of Otelco have also started to form a pattern of higher lows since hitting $1.52.

Traders should now look for long-biased trades in Otelco once it manages to break out above some near-term overhead resistance at $2.14 with high volume. Look for a sustained move or close above $2.14 with volume that hits near or above its three-month average action of 199,181 shares. If that breakout triggers soon, then this stock could explode to the upside and retest or take out its 50-day at $2.96.

Quicksilver Resources

Quicksilver Resources is an independent oil and gas company engaged primarily in the acquisition, exploration, development and production of onshore oil and gas in North America. This stock closed up 4.3 percent to $4.33 in recent trading.

Thursday's Range: $4.14-$4.35
52-Week Range: $2.93-$8.87
Volume: 2.2 million
Three-Month Average Volume: 3.3 million

From a technical perspective, Quicksilver bounced higher right off its 50-day moving average of $4.12 with light volume. This move is following a recent bounce from $3.28, and some recent coiling of the share price right around its 50-day. Traders should now look to play the next major breakout trade for Quicksilver. That trade will hit once it manages to clear some near-term overhead resistance levels at $4.39 to $4.49, and then $4.81 to $5 with high volume.

Traders should now look for long-biased trades in Quicksilver as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 3,291,360 shares. If that breakout triggers soon, then look for Quicksilver to retest or possibly take out its next major overhead resistance levels at $5.97 to $6.25, or possibly even $7.

Cal Dive International

Cal Dive International is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. This stock is trading up 7 percent to $1.62 in recent trading.

Thursday’s Range: $1.52-$1.63
52-Week Range: $1.48-$4.00
Volume: 2.2 million
Three-Month Average Volume: 1.4 million

From a technical perspective, DVR is ripping higher here right off some previous support levels at $1.51 to $1.48 with heavy volume. This move is coming after Cal Dive recently gapped down big from $2.98 to under $1.80 with huge volume. Following that plunge, shares of Cal Dive have found buying interest each time it's trading near or below $1.50.

Traders should now look for long-biased traders in Cal Dive as long as it’s trending above its recent low of $1.48 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,358,290 shares as bullish. If Cal Dive can hold that low and continue to uptrend, then this stock could hit $1.80 to its 50-day moving average of $1.95 soon.

—By TheStreet.com Contributor Roberto Pedone

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Disclosures:

At the time of publication, Roberto Pedone had no positions in stocks mentioned.

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