Wednesday, January 21, 2015

3 Tech Stocks Under $10 Triggering Breakout Trades: Voxelijet and More

DELAFIELD, Wis. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers. Must Read: Warren Buffett's Top 10 Dividend Stocks 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 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. Must Read: 10 Stocks Billionaire John Paulson Loves A10 Networks A10 Networks , together with its subsidiaries, provides software-based application networking solutions in the U.S., Japan and internationally. This stock is trading up 3% to $5.16 a share in Wednesday's trading session. Wednesday's Range: $5.02-$5.22 52-Week Range: $3.90-$16.50 Wednesday's Volume: 136,000 Three-Month Average Volume: 367,961 From a technical perspective, ATEN is jumping sharply higher here with decent upside volume flows. This stock has been uptrending strong over the last month and change, with shares moving higher from its low of $3.90 to its recent high of $5.58. During that uptrend, shares of ATEN have been making mostly higher lows and higher highs, which is bullish technical price action. This spike to the upside on Wednesday is now quickly pushing shares of ATEN within range of triggering a major breakout trade. That trade will hit if ATEN manages to take out some key near-term overhead resistance levels at $5.30 to $5.50 and then above $5.58 with high volume. Traders should now look for long-biased trades in ATEN as long as it's trending above some key near-term support levels at $4.66 or above its 50-day moving average of $4.33 and then once it sustains a move or close above those breakout levels with volume that registers near or above 367,961 shares. If that breakout kicks off soon, then ATEN will set up to re-fill some of its previous gap-down-day zone from last October that started at around $8. Must Read: 10 Stocks Billionaire John Paulson Loves LiveDeal LiveDeal , together with its subsidiaries, provides specialized online marketing solutions for small and medium-sized local businesses in the U.S. This stock is trading up 3.6% to $3.12 in Wednesday's trading session. Wednesday's Range: $3.01-$3.15 52-Week Range: $2.00-$11.94 Wednesday's Volume: 76,000 Three-Month Average Volume: 646,037 From a technical perspective, LIVE is spiking higher here back above its 50-day moving average of $3.01. This stock recently pulled back from its high of $4.29 to its low of $2.75 a share. Following that pullback, shares of LIVE have now started to reverse that downtrend, and the stock has entered a short-term uptrend with shares moving back above its 50-day moving average. That move is now quickly pushing shares of LIVE within range of triggering a near-term breakout trade above some key overhead resistance levels. Traders should now look for long-biased trades in LIVE as long as it's trending above some near-term support at around $2.75 and then once it sustains a move or close above some near-term overhead resistance levels at $3.24 to $3.30 with volume that hits near or above 646,37 shares. If that breakout triggers soon, then LIVE will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $3.62 to $3.80. Any high-volume move above those levels will then give LIVE a chance to re-test its recent high at $4.29. Must Read: 10 Stocks Carl Icahn Loves Voxelijet Voxelijet provides three-dimensional printers and on-demand parts services to industrial and commercial customers. This stock is trading up 9% to $8.33 a share in Wednesday's trading session. Wednesday's Range: $7.87-$8.40 52-Week Range: $7.13-$39.99 Wednesday's Volume: 268,000 Three-Month Average Volume: 329,048 From a technical perspective, VJET is ripping sharply higher here with strong upside volume flows. This stock has been attempting to carve out a bottom over the last month, with shares finding buying interest at $7.13, $7.32 and $7.21. Shares of VJET are now starting to spike higher off those support levels and to flirt with a breakout trade above some key near-term overhead resistance at $8.28. That move is now quickly pushing shares of VJET within range of triggering a much bigger breakout trade above some key near-term overhead resistance levels. That trade will hit if VJET manages to take out some key near-term overhead resistance levels at its 50-day moving average of $9.26 to $9.54 with high volume. Traders should now look for long-biased trades in VJET as long as it's trending above some key near-term support levels at $7.21 or above its 52-week low of $7.13 and then once it sustains a move or close above those breakout levels with volume that hits near or above 329,048 shares. If that breakout gets underway soon, then VJET will set up to re-test or possibly take out its next major overhead resistance levels at $11 to $12. -- Written by Roberto Pedone in Delafield, Wis. Must Read: 5 Stocks Warren Buffett Is Selling Follow Stockpickr on Twitter and become a fan on Facebook. 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 http://ift.tt/19UMVdH or @zerosum24.


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