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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

4 Stocks Under $10 Making Big Moves

Stocks in this article: CBMX HK GALE IMRS

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

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.

>>5 Hated Earnings Stocks Poised to Pop

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.

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.

>>5 Stocks Ready to Break Out

CombiMatrix

CombiMatrix (CBMX) is a molecular diagnostics company that operates primarily in the field of genetic analysis and molecular diagnostics. This stock is trading up 7.2% to $3.40 in recent trading.

Today's Range: $3.14-$3.49

52-Week Range: $1.40-$17.00

Volume: 389,000

Three-Month Average Volume: 639,057

From a technical perspective, CBMX is ripping higher here right above some near-term support at $2.97 with lighter-than-average volume. This stock recently sold off hard from its near-term high of $7.64 to its low of $2.80 a share. Following that selloff, shares of CMBX have started to stabilize and so far put in a triple bottom at $2.80 to $2.97. This bounce today off $2.97 is quickly pushing shares of CMBX within range of triggering an ear-term breakout trade. That trade will hit if CBMX can manage to take out some near-term overhead resistance levels at $3.50 to its 50-day moving average at $3.83 with high volume.

Traders should now look for long-biased trades in CBMX as long as it's trending above some key near-term support levels at $2.97 to $2.80, and then once it sustains a move or close above those breakout levels with volume that hits near or above 639,057 shares. If that breakout triggers soon, then CBMX will set up for a potentially explosive move higher that takes the stock back toward its 200-day moving average at $5.61. Keep in mind that CMBX will need to clear more resistance at $4.40 to have a chance at its 200-day.

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