Friday, October 26, 2012

7 Stocks Under $10 Moving Higher

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

Stocks that are making large percentage 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 like a recent earnings release. Sometimes stocks making big % moves have been hit with an analyst upgrade or an analyst upgrade.

See if (CAMP) is in our portfolio

>>5 Earnings Stocks Poised to PopAt Stockpickr, we track daily lists of fundamental and technical readings, including stocks rising on unusual volume and stocks with unusual option activity. Everything on our list can help you become a better trader or investor when you pick which equities you want to buy or sell. Regardless of what prompts 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 the trade correctly and combine a number of technical indicators such as volume, price and momentum indicators such as relative strength. Combine all of those technical indicators with fundamental trends, discipline and sound money management, and you will be well on your way to investment success. Let's take a closer look at a number of stocks under $10 that are making large percentage moves to the upside today. These names warrant a close look since there's clearly investor interest. Some of these names could potentially be just starting an even larger trend higher.

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CalAmpContent on this page requires a newer version of Adobe Flash Player.

CalAmp(CAMP) develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. This stock is trading up 10% at $4.30 in recent trading.

Today's Range: $3.84-$4.4952-week Range: $2.46-$4.49Volume: 280,000Three-Month Average Volume: 82,762This company is soaring higher today after CalAmp announced it was awarded a $4.7 million extension of its development contract to help design and supply initial radios for the North American interoperable Positive Train Control system. From a technical standpoint, this stock has started to trigger a big breakouttoday now that it has begun a high-volume move above some past overhead resistance at $3.85 to $4 a share. If this stock can sustain a move and close above $4, then I would look for shares of CAMP to trend significantly higher in the coming days and weeks, as long as it stays above those breakout levels.

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NetlistContent on this page requires a newer version of Adobe Flash Player.

Netlist(NLST) designs, manufactures and sells memory subsystems for the server, high performance computing and communications markets. This stock is trading up 7.3% at $3.06 in recent trading.

Today's Range: $2.65-$3.2952-week Range: $1.04-$3.29Volume: 2,360,000Three-Month Average Volume: 216,180This stock has been hot all week after the company showed in a regulatory filing on Monday that it had inked deals with IBM (IBM) and Hewlett-Packard (HPQ).From a technical standpoint, this stock is now approaching some massively overbought levels; its current relative strength index is showing a reading of 90.5. Any reading over 70 is usually considered overbought for any stock, so NLST is extremely overbought. If you're bullish on this name, I would let this pullback significantly from current levels. There are a number of gaps that could easily get filled on this stock below its current price. I would wait for these large recent gains to consolidate before I went long NLST.

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Vermillion Content on this page requires a newer version of Adobe Flash Player.

Vermillion(VRML) is engaged in the discovery, development and commercialization of diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. This stock is trading up 6% at $1.69 in recent trading.

Today's Range: $1.55-$1.8552-week Range: $1.17-$9.49Volume: 254,605Three-Month Average Volume: 148,789This stock is trending higher today after the company reported a $4.7 million net loss on $320,000 in revenue in the third quarter, vs. a $2.7 million loss on $413,000 in revenue during the same period last year. >>20 Highest-Yielding Drug StocksFrom a technical standpoint, this stock has been stuck in a nasty downtrend for the past six months, with shares making mostly lower highs and lower lows. The stock is also currently trading well below both its 50-day and 200-day moving averages, which is bearish. That said, traders can look to play the next major breakout that will trigger on ahigh-volume move above $2 and then $2.25. If we see that action soon, look for a run back towards $3.

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Pacific EthanolContent on this page requires a newer version of Adobe Flash Player.

Pacific Ethanol(PEIX) is a marketer and producer of low-carbon renewable fuels in the Western U.S. It produces and sells ethanol and its co-products and provides transportation, storage and delivery of ethanol through third-party service providers. This stock is trading up 27% to $1.70 in recent trading.

Today's Range: $1.30-$1.8552-week Range: $0.25-$7.98Volume: 24,000,000Three-Month Average Volume: 5,578,690This is a stock I highlighted last week in "5 Stocks Under $10 With Big Upside Potential" when it was trading near $75 cents a share. Since that piece, this stock has soared to a weekly high of $1.85. Today the company announced it has retired in full its $35 million senior convertible notes with its final payment in shares of its common stock. From a technical standpoint, this stock is extremely overbought now since its relative strength index is showing a reading of 91. Any reading over 70 is considered overbought, so we are reaching some extreme overbought levels with PEIX here. The stock is also approaching some past overhead resistance at $1.88 and at $2.10 (its 200-day moving average). If you're bullish on this name, I would wait for some consolidation and a big pullback before thinking about buying.

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Pacira PharmaceuticalsContent on this page requires a newer version of Adobe Flash Player.

Pacira Pharmaceuticals(PCRX) is a specialty pharmaceutical company focused on the development, commercialization and manufacture of pharmaceutical products, based on its DepoFoam drug delivery technology, for use in hospitals and ambulatory surgery centers. This stock is trading up 12% to $7.72 in recent trading.

Today's Range: $7.08-$7.8252-week Range: $6.16-$15.34Volume: 2,043,000Three-Month Average Volume: 168,986This stock is spiking nicely today after the company announced the pricing of a public offering of 7 million shares of common stock at a price of $6.50 per share. >>10 Biotech Stocks Loved and Hated by the ProsFrom a technical standpoint, this stock is still trading well below its 50-day moving average of $9.23 despite the large move up today. Yes, volume is very strong, but that volume has much to do with the public offering. I would only consider getting interested in this stock from the long side if it can manage to move back above its 50-day moving average of $9.23 on high volume.

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Royale EnergyContent on this page requires a newer version of Adobe Flash Player.

Royale Energy(ROYL) is an independent oil and natural gas producer. This stock is trading up 14% to $3.54 in recent trading.

Today's Range: $3.07-$3.5852-week Range: $1.73-$7.90Volume: 381,000Three-Month Average Volume: 250,517From a technical standpoint, this stock is just starting to challenge its 200-day moving average of $3.53 today on above average volume. Market players should now watch for a sustained move and close above $3.53. >>Top-Rated Oil & Gas StocksIf we see that action today, then look to play the next major breakout on ROYL, which will trigger on a high-volume move over some near-term overhead resistance at $3.64. A high-volume move over that level will set up this stock to potentially re-test more resistance at $4 to $4.16 a share. Any high-volume move over $4.16 in the near future should be considered very bullish for this stock.

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Syntroleum Content on this page requires a newer version of Adobe Flash Player.

Syntroleum(SYNM), along with its subsidiaries, is engaged in the commercialization of its technology to produce synthetic liquid hydrocarbons that are substantially free of contaminants found in hydrocarbon products. This stock is trading up 7.9% at $1.15 in recent trading.

Today's Range: $1.06-$1.2952-week Range: $0.76-$2.45Volume: 1,634,000Three-Month Average Volume: 409,846From a technical standpoint, this stock is very close to triggering a big breakout if it can manage to sustain a move and close above $1.28 with high volume. The volume today is very bullish, so traders should now watch for a close over $1.28 in the coming days or weeks. I would consider it even more bullish if SYNM can trade back above its 200-day moving average of $1.50 with high volume soon. Any move over $1.50 could easily set this stock up to fill a massive gap down in price from $2 a share back in July. Follow Stockpickr on Twitter and become a fan on Facebook.

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