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TheStreet Open House

4 Tech Stocks Under $10 to Watch

Stocks in this article: SCONUMCKEMAMD

DELAFIELD, Wis. ( Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

>>5 Big Stocks to Trade (or Not)

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.

>>5 Stocks Insiders Love Right Now

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.

Advanced Micro Devices

Advanced Micro Devices ( AMD) is a semiconductor company with manufacturing, research and development, and sales and administrative facilities throughout the world. It provides processing solutions for the computing and graphics markets. This stock closed flat at $3.90 in Thursday's trading session.

Thursday's Range: $3.86-$3.94
52-Week Range: $1.81-$4.65
Thursday's Volume: 25.48 million
Three-Month Average Volume: 29.35 million

From a technical perspective, AMD moved slightly off its intraday low of $3.86 and right above its 50-day moving average of $3.71 with decent upside volume. This stock has been trending sideways inside of a consolidation chart pattern for the last month, with shares moving between $3.69 on the downside and $4 on the upside. Shares of AMD are now starting to move within range of triggering a near-term breakout trade above the upper-end of its recent sideways trading chart pattern. That breakout will hit if AMD manages to take out some near-term overhead resistance levels at $3.98 to $4 with high volume.

Traders should now look for long-biased trades in AMD as long as it's trending above its 50-day at $3.71 or above more support at $3.69 and then once it sustains a move or close above those breakout levels with volume that hits near or above 29.35 million shares. If that breakout hits soon, then AMD will set up to re-fill some of its previous gap down zone from July that started at $4.65. Any high-volume move above $4.65 will then give AMD a chance to tag $5 to $5.50.

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