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.
Medgenics
Medgenics (MDGN) is a medical technology and therapeutics company engaged in providing sustained protein therapies to treat chronic diseases and conditions. This stock closed up 4.8% to $6.54 in Tuesday's trading session.
Tuesday's Range: $6.31-$6.67
52-Week Range: $3.50-$10.05
Thursday's Volume: 107,000
Three-Month Average Volume: 106,648
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From a technical perspective, MDGN spiked sharply higher here right above some near-term support at $6.15 with above-average volume. This move is starting to push shares of MDGN within range of triggering a near-term breakout trade. That trade will hit if MDGN manages to take out Tuesday's high of $6.67 to its 50-day moving average of $6.81 with high volume.
Traders should now look for long-biased trades in MDGN as long as it's trending above some key near-term support levels at $6.15 to $5.83 and then once it sustains a move or close above those breakout levels with volume that hits near or above 106,648 shares. If that breakout triggers soon, then MDGN will set up to re-test or possibly take out its next major overhead resistance levels at $7.50 to $8.
InnerWorkings
InnerWorkings (INWK) is a provider of managed print and promotional procurement solutions to corporate clients across a range of industries. This stock closed up 1.2% to $6.56 in Tuesday's trading session.
Tuesday's Range: $6.42-$6.64
52-Week Range: $5.54-$15.80
Tuesday's Volume: 558,000
Three-Month Average Volume: 511,438
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From a technical perspective, INWK spiked modestly higher here with above-average volume. This move is starting to push shares of INWK within range of triggering a major breakout trade. That trade will hit if INWK manages to take out some near-term overhead resistance levels at $7 to $7.21 with high volume.
Traders should now look for long-biased trades in INWK as long as it's trending above some near-term support at $6 and then once it sustains a move or close above those breakout levels with volume that hits near or above 511,438 shares. If that breakout triggers soon, then INWK will set up to re-fill some of its previous gap down zone from November that started at $9.75. Some possible upside targets if INWK gets into that gap with volume are its 50-day at $8.58 to $9.
Acorn Energy
Acorn Energy (ACFN) is a holding company which provides digital solutions for energy infrastructure asset management. This stock closed up 5.5% to $3.79 in Tuesday's trading session.
Tuesday's Range: $3.60-$3.85
52-Week Range: $2.85-$9.90
Tuesday's Volume: 317,000
Three-Month Average Volume: 315,325
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From a technical perspective, ACFN spiked sharply higher here right above some near-term support at $3.50 with above-average volume. This move is quickly pushing shares of ACFN within range of triggering a near-term breakout trade. That trade will hit if ACFN manages to take out some near-term overhead resistance levels at $3.97 to its 50-day moving average of $4 with high volume.
Traders should now look for long-biased trades in ACFN as long as it's trending above some key near-term support levels at $3.50 or at $3.21, and then once it sustains a move or close above those breakout levels with volume that hits near or above 315,325 shares. If that breakout hits soon, then ACFN will set up to re-test or possibly take out its next major overhead resistance levels at $4.24 to $4.64. Any high-volume move above $4.64 will then give ACFN a chance to tag $5.50 to $6.
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.
) is set to trade ex-dividend on December 23. The tobacco company offers a dividend yield of 5.03% based on Wednesday's closing price of $38.16 and the company's quarterly dividend payout of 48 cents. The stock is up 21% year-to-date. Dividend.com currently rates MO as “Recommended” with a DARS™ rating of 3.5 stars out of 5 stars.
Getty Images The evidence is in: According to a number of studies from banks and investment firms over the past decade, women make better investors than men. The most recent, from the tax and advisory firm Rothstein Kass, found that hedge funds run by by women outperformed those managed by men by 6 percentage points over a nine-month period in 2012. Why do women, on average, do better? No one knows for sure. And, of course, there are plenty of exceptions like Warren Buffett. But when tallied over the long term, women generally produce better investment returns than men. There are four likely reasons: 1. Men are more competitive. You'd think this would be a good thing, right? But as in so many areas of investing, the obvious answer is not the right answer. For many men, the most important thing is not the absolute return of an investment, but whether or not they beat their rivals. This often leads male managers to make riskier bets, which are less likely to pay off. The second most important investment criteria for many men is bragging about their returns. And as we all know, men are less likely to ask for advice. Somehow it's seen as a mark of weakness. All this leads men to focus on the short term and lose sight of the real objective of investing: producing consistent, positive returns over an extended period of time. 2. Women take fewer risks. According to research by behavioral scientists, women as a rule are more risk-averse than men. Women are more inclined than men to wear seat belts, avoid cigarette smoking and get their blood pressure checked. They are 40 percent less likely to run yellow traffic lights. So it should come as no surprise that women gravitate toward safer investments and hold stock portfolios that are less volatile. One investment study concluded that when things go wrong, men get angry, while women become more fearful. Anger can lead people to take action that will lead to more losses, such as doubling down on losing investments or trying to "catch a falling knife." By contrast, fearful women are more likely to avoid market downturns in the first place, and then if they do suffer losses they are more likely pull in the reins and step away from big disasters. 3. Women do more homework. Women are less confident than men, and therefore less likely to be deluded into believing they know more than they do. They want to be in control, and therefore do more research to find out exactly what they are investing in. Women also have more realistic ideas about what an investment can reasonably deliver. In short, they have lower expectations. Therefore, they are less likely to jump on the "next big thing" or fall for a "can't miss" stock tip. One report found that a quarter of the men surveyed admitted they would gamble on a "hot" investment without doing any real research, while only half as many women would make that same mistake. As a result, women trade less frequently. They incur fewer transaction costs and fewer tax consequences. Women commit to their investments, and because they've done their homework, are more likely to honor their commitments. They are more patient investors and typically do not get spooked by a short-term hiccup in a company's performance. 4. Women realize they are not in control. Surveys have shown that women are more likely than men to attribute success to factors outside themselves like luck or fate. This apparent contradiction – aiming to achieve control when you know you can only control so much -- gives women the perspective they need to avoid panic. And yet, paradoxically, it also allows them to admit when they have made a mistake. Women look out for the next storm. When it arrives they batten down the hatches and ride it out. They know the market is like the ocean. It is much bigger than any one investor, subject to huge global forces. But over time there's a certain ebb and flow, and if you're a good navigator you can sail on to richer shores. So how is it that the best investor of all, the legendary Warren Buffett, happens to be a man? Perhaps you should ask author Louann Lofton, who wrote the book: "Warren Buffett Invests Like a Girl: And Why You Should Too."
