DELAFIELD, Wis. (Stockpickr) -- 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 a several stocks under $10 that are making large moves to the upside today.
Andatee China Marine Fuel Services
Andatee China Marine Fuel Services (AMCF) is engaged in the production, storage, distribution and wholesale purchases and sales of blended marine fuel oil for cargo and fishing vessels. This stock closed up 4.1% to $1.27 in Thursday's trading session.
Thursday's Range: $1.22-$1.32
52-Week Range: $0.45-$2.75
Thursday's Volume: 150,000
Three-Month Average Volume: 193,369
From a technical perspective, AMCF spiked sharply higher here with lighter-than-average volume. This move is quickly pushing shares of AMCF within range of triggering a major breakout trade. That trade will hit if AMCF manages to take out Thursday's high of $1.32 to its 50-day moving average of $1.39 with high volume.
Traders should now look for long-biased trades in AMCF as long as it's trending above some key near-term support levels at $1.15 or at $1.09 and then once it sustains a move or close above those breakout levels with volume that hits near or above 193,369 shares. If that breakout hits soon, then AMCF will set up to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.98. Any high-volume move above those levels will then give AMCF a chance to re-test its 52-week high at $2.75.
McClatchy
McClatchy (MNI) engages in the publication of newspapers and related digital and direct marketing products in the U.S. This stock closed up 7.5% to $3.1 a share in Thursday's trading session.
Thursday's Range: $2.89-$3.12
52-Week Range: $2.13-$3.46
Thursday's Volume: 163,000
Three-Month Average Volume: 205,373
From a technical perspective, MNI ripped sharply higher here right off some near-term support at $2.88 and back above its 50-day moving average of $3.01 with lighter-than-average volume. This move is quickly pushing shares of MNI within range of triggering a near-term breakout trade. That trade will hit if MNI manages to take out Thursday's high of $3.12 to some near-term overhead resistance at $3.17 with high volume.
Traders should now look for long-biased trades in MNI as long as it's trending above support at $2.88 or above its 200-day at $2.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 205,373 shares. If that breakout hits soon, then MNI will set up to re-test or possibly take out its 52-week high at $3.46. Any high-volume move above $3.46 will then give MNI a chance to tag $4 to $4.50.
Sino-Global Shipping America
Sino-Global Shipping America (SINO) is a shipping agency service provider for foreign ships coming to Chinese ports. It acts as a local agent and attends vessels directly in each of the ports. This stock closed up 11.8% to $2.46 in Thursday's trading session.
Thursday's Range: $2.18-$2.50
52-Week Range: $1.24-$3.52
Thursday's Volume: 159,000
Three-Month Average Volume: 65,272
From a technical perspective, SINO ripped sharply higher here right above its 50-day moving average of $2.06 with strong upside volume. This move briefly pushed shares of SINO into breakout territory, since the stock flirted with some near-term overhead resistance at $2.48. This stock has been uptrending for the last few weeks, with shares pushing higher from its low of $1.57 to its intraday high of $2.50. During that move, shares of SINO have been consistently making higher lows and higher highs, which is bullish technical price action. Market players should now look for a continuation move higher in the short-term if SINO manages to take out Thursday's high of $2.50 with strong volume.
Traders should now look for long-biased trades in SINO as long as it's trending above Thursday's low of $2.18 or above its 50-day at $2.06 and then once it sustains a move or close above $2.50 with volume that hits near or above 65,272 shares. If we get that move soon, then SINO will set up to re-test or possibly take out its next major overhead resistance levels at $3.12 to its 52-week high at $3.52.
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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