3 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 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.

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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 several stocks under $10 that are making large-percentage moves to the upside today.

ArQule

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ArQule ( ARQL) is a clinical-stage biotechnology company engaged in the research and development of cancer therapeutics. This stock is trading up 5.4% at $8.00 in recent trading.

Today's Range: $7.60-$8.06

52-Week Range: $3.98-$8.19

Volume: 560,000

Three-Month Average Volume: 397,371

From a technical perspective, ARQL has started to break out today with shares moving above some near-term overhead resistance at $7.53 to 47.66 with strong volume. This move is now pushing ARQL within range of triggering an even bigger breakout trade. That trade will hit once ARQL takes out its 52-week high of $8.19 with high-volume.

Traders should now look for long biased trades in ARQL if it can sustain a move and close over $8.19 with volume that's near or above 397,371 shares. If we get that action soon, look for ARQL to make a run at $10 in the near future.

ArQule shows up on a recent list of 7 Cancer Drug Stocks to Know Right Now.

LCA-Vision

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LCA-Vision ( LCAV) is provider of fixed-site laser vision correction services at its LasikPlus vision centers. This stock is trading up 5.6% at $6.97 in recent trading.

Today's Range: $6.76-$7.25

52-Week Range: $1.86-$9.24

Volume: 196,000

Three-Month Average Volume: 177,400

Shares of LCAV are ripping higher today after the company said that performed nearly 21,000 LasikPlus procedures during the first quarter, which represents an 11% jump from the same period in 2011.

From a technical perspective, LCAV has started to move back above its 50-day moving average of $6.64 today on decent volume.

Traders should continue to look for long-biased trades in LCAV as long as it can manage to close above its 50-day and near its daily highs. At last check, LCAV has hit a daily high today of $7.25. If we get that strong close, then look for the next major breakout trade to trigger once LCAV takes out $7.36 to $8.02 with high volume.

A sustained high-volume move and close above those levels will set this stock up to re-test its recent high of $9.24. Look for volume on that breakout that registers near or above 177,400 shares.

As of the most recently reported period, LCA-Vision is one of the holdings at Julian Robertson's Tiger Management.

Kona Grill

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Kona Grill ( KONA) owns and operates 24 upscale casual dining restaurants in 15 states, in the U.S. This stock is trading up 4.9% to $5.75 in recent trading.

Today's Range: $5.49-$5.87

52-Week Range: $3.97-$7.90

Volume: 46,000

Three-Month Average Volume: 71,430

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From a technical perspective, KONA is moving higher today and back above its 50-day moving average of 5.71 with light volume. This move is quickly pushing KONA within range of taking out its 200-day moving average of $5.91.

Traders should now look for long biased trades if KONA can manage to sustain a high-volume move and close above $5.7 to $5.91. Look for volume on that move that's near or well above 71,430 share. If we get that action soon, look for KONA to make a run at $6.40 to $6.70 in the near future.

Keep in mind that I would only consider long trades as long as KONA is trending above both of those key moving averages with strong upside volume flows.

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

-- Written by Roberto Pedone in Winderemere, Fla.

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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.