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3 Under-$3 Stocks Making Major Upside Moves

Tickers in this article: RSYS HEB LPHI
WINDERMERE, Fla. ( 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 $3 that are making large moves to the upside today.

Life Partners (LPHI)

This a specialty financial services company and the parent company of Life Partners. This stock is trading up 4.7% to $2.62 in recent trading.

Today's Range: $2.53-$2.69

52-Week Range: $1.08-$7.49

Volume: 101,000

Three-Month Average Volume: 480,668

From a technical perspective, LPHI is bouncing here right off its 200-day moving average at $2.49 with light volume. This move is quickly pushing LPHI within range of triggering a major breakout trade. That trade will hit once LPHI manages to take out some near-term overhead resistance levels at $2.73 to $2.78 with high volume.

Traders should now look for long-biased trades in LPHI as long as it's trending above its 50-day at $2.40, and then once it sustains a move or close above those breakout levels with volume that hits near or above 480,668 shares. If that breakout triggers soon, then LPHI will set up to re-test or possibly take out its next major overhead resistance levels near $3.25 to $4.12.

RadiSys (RSYS)

This company is a provider of innovative hardware and software platforms for Next Generation IP-based wireless, wireline and video networks. This stock is trading up 5.2% to $2.32 in recent trading.

Today's Range: $2.19-$2.33

52-Week Range: $2.02-$8.07

Volume: 117,000

Three-Month Average Volume: 119,495

From a technical perspective, RSYS is bouncing higher here right above some near-term support at $2.10 with decent volume. This stock has been downtrending badly for the last four months, with shares falling from a high of $3.93 to its recent low of $2.02. During that move, shares of RSYS were consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of RSYS have recently started to rebound off that $2.02 low with big upside volume. That move is quickly pushing RSYS within range of triggering a major breakout trade. That trade will hit once RSYS takes out some near-term overhead resistance at $2.31 to $2.33 with high volume.