8 Stocks Under $10 Moving Higher

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-percentage 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 like a recent earnings release. Sometimes stocks making big % moves have been hit with an analyst upgrade or an analyst upgrade.

>>5 Stocks Set to Soar on Bullish Earnings

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.

Let's take a closer look at several stocks under-$10 that are making large-percentage moves to the upside today.

On Track Innovations

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On Track Innovations ( OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology. This stock is trading up 10% at $1.61 in recent trading.

Today's Range: $1.48-$1.73

52-Week Range: $1.00-$3.22

Volume: 553,000

Three-Month Average Volume: 107,290

Shares of OTIV are ripping higher today after the company said it has filed a patent infringement lawsuit in the U.S. against mobile service provider T-Mobile.

From a technical perspective, OVTI is flirting with a big breakout trade today now that it's challenging some near-term overhead resistance at $1.62 with heavy volume.

Traders should only look for long biased trades if OVTI can continue to trend above $1.62 with strong volume flows. If we continue to get that action, then look for OVTI to challenge its next significant overhead resistance levels at $1.82 to $2.20 in the near future. I would consider it bullish for future prices of OVTI can close near its daily highs today.

Xoma

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Xoma ( XOMA) is a biopharmaceutical company focused on the discovery, development and manufacture of therapeutic antibodies designed to treat autoimmune, infectious, inflammatory and oncological diseases. This stock is trading up 16% at $2.77 in recent trading.

Today's Range: $2.40-$2.86

52-Week Range: $1.04-$3.49

Volume: 2.4 million

Three-Month Average Volume: 703,705

From a technical perspective, XOMA is soaring higher today and triggering a near-term breakout trade on this move above $2.49 with heavy volume.

Traders should continue to look for long biased trades as long as XOMA is trending above $2.49 with strong volume flows. If we can get a strong close on XOMA today near its daily highs, then this stock has a great chance to tag its next significant overhead resistance levels at $3.12 to $3.48 in the near future.

Metabolix

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Metabolix ( MBLX) is a bioscience company focused on bringing environmentally friendly solutions to the plastics, chemicals and energy industries. This stock is trading up 4.2% at $3.39 in recent trading.

Today's Range: $3.28-$3.47

52-Week Range: $2.34-$10.95

Volume: 82,000

Three-Month Average Volume: 486,718

From a technical perspective, MBLX has started to flirt with a major breakout trade today now that this stock is challenging some near-term overhead resistance at $3.43. At last check, the volume is extremely light but the stock has hit a daily high of $3.47.

Traders should look for long-biased trades as long as MBLX is trending above $3.43 and above its daily high of $3.47 with strong upside volume flows. This breakout could be a major one if it hits because it will push MBLX into a gap zone from when the stock gapped down in January from $6 to $2.50 with heavy volume.

Alimera Sciences

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Alimera Sciences ( ALIM) is a biopharmaceutical company that specializes in the research, development and commercialization of prescription ophthalmic pharmaceuticals. This stock is trading up 7.2% at $3.89 in recent trading.

Today's Range: $3.65-$3.95

52-Week Range: $1.09-$9.28

Volume: 157,000

Three-Month Average Volume: 339,340

From a technical perspective, ALIM is ripping higher today and flirting with some near-term breakout levels on light volume.

Traders should look for long-biased trades if ALIM can take out some near-term overhead resistance at $3.91 with volume. Look for a sustained high-volume move and close above that level that registers near or above 339,340 shares. If we get that action today or soon, look for ALIM to trigger an even bigger breakout if the stock can take out $4.43 to $5.06 (200-day) with volume.

Any high-volume move above those levels will set this stock up to run back towards $8 since there's very little overhead resistance until that price point.

pSivida

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pSivida ( PSDV) develops drug delivery products that are administered by implantation, injection or insertion. This stock is trading up 24% to $2.27 in recent trading.

Today's Range: $1.96-$2.29

52-Week Range: $1.02-$5.23

Volume: 325,000

Three-Month Average Volume: 89,142

From a technical perspective, PSDV is gapping up strong today on heavy volume, and the stock is breaking out above some near-term overhead resistance levels at $1.91 to $2.21.

Traders should continue to look for long biased trades as long as PSDV can close above $2.21 and near its daily highs today. If we get that action, then look for this stock to make a run at its next significant overhead resistance level of $2.85 in the near future.

Any future breakout over $2.85 and its 200-day moving average of $2.99 should then set this stock up for big upside since there's little overhead resistance until around $3.75.

E Commerce China Dangdang

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E Commerce China Dangdang ( DANG) is a business-to-consumer (B2C), e-commerce Company in the People's Republic of China. This stock is trading up 8.8% to $8.12 in recent trading.

Today's Range: $7.67-$8.18

52-Week Range: $4.11-$26.40

Volume: 4.8 million

Three-Month Average Volume: 2.7 million

Shares of DANG are soaring today after Oppenheimer upgraded the stock from perform to outperform with a $9.50 price target citing valuation and signs of improvement in China's e-commerce space.

From a technical perspective, DANG is gapping up big today on monster volume, and this stock is triggering a near-term breakout above $8.03.

Traders should continue to look for long biased trades as long as DAN is trending above $8.03 with strong upside volume flows. If we can get a strong close on DANG today near its daily highs, then this stock should be well on its way to re-test its next significant overhead resistance level at $8.55.

Any future breakout over $8.55 should be considered very bullish since the next overhead resistance levels won't come into play until $10.70.

Avalon Rare Metals

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Avalon Rare Metals ( AVL) is a Canada-based mineral exploration and development company. Avalon's primary focus is on rare metals and minerals, including tin, lithium, tantalum, niobium, cesium, indium, gallium, zirconium and calcium feldspar. This stock is trading up 3.7% to $3.07 in recent trading.

Today's Range: $2.98-$3.16

52-Week Range: $2.29-$10.11

Volume: 1.9 million

Three-Month Average Volume: 1.3 million

From a technical perspective, AVL has started to flirt with a breakout trade since the stock briefly traded above some near-term overhead resistance at $3.13 with huge volume.

Traders should continue to look for long biased trades as long as AVL is trending above $3.13, and if it can manage to close near its daily highs. If we get that action today, then look for AVL to re-test its next significant overhead resistance level at $3.48 in the near future.

Rare Elements Resources

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Rare Elements Resources ( REE) engages in the acquisition, exploration, and development of mineral properties in the U.S. and Canada. It focuses on gold and rare-earth-elements. This stock is trading up 6.9% to $6.44 in recent trading.

Today's Range: $6.00-$6.64

52-Week Range: $3.08-$16.55

Volume: 3.2 million

Three-Month Average Volume: 2.2 million

From a technical perspective, REE is surging higher today and moving back above its 50-day moving average of $6.22 with monster volume.

Traders should now watch for a major breakout to trigger if REE can manage to take out some near-term overhead resistance at $6.62 to $7.01 (its 200-day) with high volume. Look for volume on a move above those levels that's near or well above 2,152,070 shares. If we get that action soon, look for REE to make a run at $8 very quickly. Traders should continue to look for long biased trades as long as REE is trending above its 50-day, and if that major breakout triggers soon.

To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.