5 Stocks Under $10 Making Big Moves

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.

Salem Communications

Salem Communications (SALM) is a domestic multimedia company with integrated business operations covering radio broadcasting, publishing and the Internet. This stock closed up 8.8% to $7.84 in Thursday's trading session.

Thursday's Range: $7.23-$7.87

52-Week Range: $4.62-$10.14

Thursday's Volume: 62,000

Three-Month Average Volume: 38,783

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From a technical perspective, SALM bounced sharply higher here right above some near-term support at $7.20 and back above its 50-day moving average at $7.73 with above-average volume. This stock has been trending sideways for the last three months and change, with shares moving between $7 on the downside and $8.22 on the upside. Shares of SALM are now quickly moving within range of triggering a major breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if SALM manages to take out some near-term overhead resistance levels at $8 to $8.22 with high volume.

Traders should now look for long-biased trades in SALM as long as it's trending above some key near-term support levels at $7.20 or above its 200-day at $6.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 38,783 shares. If that breakout triggers soon, then SALM will set up to re-test or possibly take out its next major overhead resistance levels at $9.27 to $10.

Key Energy Services

Key Energy Services (KEG) provides well services to oil companies, foreign national oil companies and independent oil and natural gas production companies. This stock closed up 5.7% to $6.84 in Thursday's trading session.

Thursday's Range: $6.48-$6.94

52-Week Range: $5.61-$9.57

Thursday's Volume: 1.42 million

Three-Month Average Volume: 2.39 million

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From a technical perspective, KEG ripped higher here right above its 50-day moving average of $6.39 with lighter-than-average volume. This move is quickly pushing shares of KEG within range of triggering a major breakout trade. That trade will hit if KEG manages to take out some near-term overhead resistance levels at $6.89 to its 200-day moving average at $7 with high volume.

Traders should now look for long-biased trades in KEG as long as it's trending above its 50-day at $6.39 or above more support at $6.06 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.39 million shares. If that breakout triggers soon, then KEG will set up to re-test or possibly take out its next major overhead resistance levels at $7.35 to $7.89. Any high-volume move above those levels will then put its next major overhead resistance levels at $8.25 to $8.92 within range for shares of KEG.

Mecox Lane

Mecox Lane (MCOX) offers a selection of products apparel, accessories and home and health care products through its online platform and third party e-commerce Web sites. This stock closed up 9.5% to $3.66 in Thursday's trading session.

Thursday's Range: $3.23-$3.80

52-Week Range: $1.67-$7.88

Thursday's Volume: 179,000

Three-Month Average Volume: 207,259

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From a technical perspective, MCOX bounced sharply higher here right above its 200-day moving average of $3.06 with decent upside volume. This stock recently pulled back sharply from its high of $7.88 to its recent low of $3.30. During that pullback, shares of MCOX have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of MCOX might be ready to see its downside volatility cease, and the stock spike sharply higher.

Traders should now look for long-biased trades in MCOX as long as it's trending above its recent low at $3.30 or above its 50-day at $2.98 and then once it sustains a move or close above some near-term overhead resistance at $4 with volume that hits near or above 207,259 shares. If we get that move soon, then MCOX will set up to re-test or possibly take out its next major overhead resistance levels at $4.76 to its gap down day high at $5.15. Any high-volume move above those levels will then give MCOX a chance to re-fill some of its previous gap down zone from this month that started at $7.88.

Yingli Green Energy

Yingli Green Energy (YGE) engages in the design, development, marketing, manufacture, installation and sale of photovoltaic products. This stock closed up 1.9% to $4.19 in Thursday's trading session.

Thursday's Range: $3.93-$4.27

52-Week Range: $1.25-$4.83

Thursday's Volume: 6.62 million

Three-Month Average Volume: 4.45 million

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From a technical perspective, YGE spiked modestly higher here right above its 50-day moving average of $3.68 with heavy upside volume. This stock recently formed a double bottom chart pattern at $3.57 to $3.55. Following that bottom, shares of YGE have started to trend higher and move within range of triggering a major breakout trade. That trade will hit if YGE manages to take out some near-term overhead resistance levels at $4.40 to its 52-week high at $4.83 with high volume.

Traders should now look for long-biased trades in YGE as long as it's trending above some key near-term support at $3.55 and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.45 million shares. If that breakout hits soon, then YGE will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $6.27 to $7.

Nautilus

Nautilus (NLS), a fitness products company, provides solutions to help people achieve a fit and healthy lifestyle. This stock closed up 4.7% to $6.79 in Thursday's trading session.

Thursday's Range: $6.49-$6.88

52-Week Range: $2.28-$9.87

Thursday's Volume: 338,000

Three-Month Average Volume: 487,173

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From a technical perspective, NLS jumped higher here right above its 200-day moving average of $6.37 with lighter-than-average volume. This stock recently dropped sharply from its high of $9.87 to its low of $6.15 with heavy downside volume. During that drop, shares of NLS have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of NLS have held above its 200-day following the drop, and the stock now looks ready to cease its downside volatility. Shares of NLS are starting to move within range of triggering a near-term breakout trade. That trade will hit if NLS manages to clear some near-term overhead resistance at $6.99 with high volume.

Traders should now look for long-biased trades in NLS as long as it's trending above its 200-day at $6.37 or above more near-term support at $6.15 and then once it sustains a move or close above $6.99 with volume that hits near or above 487,173 shares. If that breakout hits soon, then NLS will set up to re-test or possibly take out its next major overhead resistance levels $8 to its 50-day at $8.25.

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.

Benjamin Graham - 'The Memoirs of the Dean of Wall Street'

This is the latest book I have finished, written by the Dean himself. Faithful to the title it shows in a nonlinear fashion several episodes of his life. He was a well-off kid in his early years, but after his father died he lived through some economic hardships and had to work and study simultaneously. At that time there was no TV and he had lots of time to devour books, mostly classics. Being intelligent and having a very good memory and literary interests, he basically taught himself several languages in order to read the original versions. He taught himself Greek, Latin and French; he also spoke German and Spanish good enough to translate a famous Spanish book.

Graham did not have any formal training in economics since most of the courses he took were in humanities. Having had during his youth financial problems he felt driven to make money and he wanted to help his family, especially his mother. So when he was recommended by a teacher to work in Wall Street as a bond analyst, he immediately took the job.

At that time stocks were considered to be for gamblers. It is interesting to see that even though he is famous for being the father of value investing he wrote that he does not consider knowledge of it made him earn much. Actually, he made most money in other things like Geico, the insurer, at prices not considered extremely low. He also specialized in hedges like buying convertible bonds and at the same time shorted the underlying stock in order to have a hedged trades. Hedges played out quite well until the 1929 crash came and he covered most of the short stocks at an initial profit without closing the convertible bonds at the same time. That had bad consequences since the stock market fell for years and being more than 100% leveraged he accumulated 80% of losses.

He was quite depressed at the time but he made it all back after some years. He once speculated with IPOs of almost unknown companies, which is something he did exceptionally. He made money the first two times but ! had very big losses the third time, also with much larger amounts of other peoples money.

Other times he made money were by being an activist: by buying a stock in a company that had lots of money in bonds and pushing the management to return the money to the shareholders. He found the companies by gathering information from different sources at a time where very little information was disclosed but where a lot of it was possible to get if you had the drive and time to ask for it.

It is impressive to see how honest he was with himself. When you read the autobiographical book it gives another image than when you read "Security Analysis." In "Security Analysis" it looks like a god is writing and the message he sends is strong. On the other hand when you read his memoirs you see that he is human and that he deviated at times from his own principles.

One thing that is clear is that he could invest unemotionally, hold on to losses without panicking or caring much about it and selecting investments in cold blood, mostly when it was clearly an opportunity. He did not care much about money; he cared more about other things, especially cultural things like reading, the theater and traveling. His lack of interest in money is the reason his partner Newman made more money than he did, he even said that Newman was much more involved in business than himself.

Another thing that struck me is that not a word was mentioned about Warren Buffett. On the other hand, Buffett mentions Graham lots of times. Graham was impressed by few persons in his life. One of them was Bernard Baruch, even though he did not apparently like him since he thought that all his actions had a financial and not a human purpose and that even his philanthropic deeds were done in order to increase his personal fame.

In conclusion the book was great, a rare example of a great investor writing about his life. You understand a lot more about Graham after reading it and it gives good insights on how to be a better i! nvestor. ! It shows how complete his life was. It talks about his travels, lovers, wives, children, about the theater screenplays he wrote and his writing interest that pushed him to write "Security Analysis" and the "Intelligent Investor." He talks about the books he read, his other work as a tax consultant and an expert at valuing companies. He describes the people he met, his economic theory about making a currency not based on gold but on commodities.

In summary, it shows that he was quite a normal person with much less material interests than most people. He actually seems to have made money because he worked in that environment and wanted to have a well-off life after having had financial troubles. What he enjoyed the most in life were simple things that basically had no cost at all, that's why he recommended to his grand children, on his 80th birthday speech, to follow a cultural life.

Cheers!
JVB