7 Stocks Under $10 Making Big Moves

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

Array BioPharma

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Array BioPharma ( ARRY) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 5.4% at $3.68 in recent trading.

Today's Range: $3.49-$3.80

52-Week Range: $1.58-$3.53

Volume: 1.13 million

Three-Month Average Volume: 868,835

Shares of ARRY are ripping higher today after the company announced encouraging selumetinib results for phase II trials in ovarian cancer. Selumetinib was invented by Array and licensed to AstraZeneca.

From a technical perspective, ARRY is continuing a breakout pattern today now that the stock is comfortably above its recent breakout levels of $3.27 to $3.33. Volume so far is tracking in very strong and well above its average action of 868,835 shares.

Traders should now watch for ARRY to close above its next major overhead resistance level of $3.60. If we get that close today, then look for ARRY to uptrend toward $4 to $4.25 or possibly higher in the near future. Traders should consider long biased traders as long as ARRY is trending above $3.60 with strong upside volume flows.

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

Anthera Pharmaceuticals

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Anthera Pharmaceuticals ( ANTH) is a biopharmaceutical company focused on developing and commercializing products to treat serious diseases associated with inflammation, including cardiovascular and autoimmune diseases. This stock is trading up 4.7% at $2.22 in recent trading.

Today's Range: $2.13-$2.25

52-Week Range: $2.06-$9.08

Volume: 217,000

Three-Month Average Volume: 405,827

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From a technical perspective, ANTH is bouncing notably today right near some previous support at $2.06 with light volume. This bounce is coming off of massively oversold territory since the current relative strength index for ANTH is 20.42. This could potentially be the start of a much bigger bounce since ANTI recently plunged and gapped down from over $6 on huge volume.

Traders should now look for long-biased trades in ANTH if it can manage to break out above some near-term overhead resistance at $2.41 to $2.50 with high volume. Look for volume on a move and close over those levels that are near or above 405,827 shares. If we get that action soon, look for ANTH to soar towards $3 to $4.

Vringo

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Vringo ( VRNG) is engaged in developing software for mobile phones. It provides a platform, which allows users to create, download and share mobile entertainment content in the form of video ringtones for mobile phones. This stock is trading up 9.6% at $2.83 in recent trading.

Today's Range: $2.47-$2.96

52-Week Range: $0.68-$4.05

Volume: 3.2 million

Three-Month Average Volume: 1.5 million

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From a technical perspective, VRNG is rebounding sharply with volume after the stock just fell from Tuesday's high of $4.05 to today's low of $2.47. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once VRNG takes out Wednesday's high of $3.14 with volume.

Traders should now look for long-biased traders in VRNG once it sustains a move and close over $3.14 with volume that's near or well above 1,529,740 share. At last check, VRNG has hit a high today of $2.96 and volume is well above the average action. If we get that move soon, look for VRNG to re-test its recent high of $4.05 and possibly trend much higher. I would avoid any long grades if that breakout fails to hit or if VRNG moves back below today's low of $2.47 with heavy volume.

OCZ Technology

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OCZ Technology ( OCZ) is a provider of high performance solid state drives and memory modules for computing devices and systems. This stock is trading up 1.3% at $6.82 in recent trading.

Today's Range: $6.60-$6.99

52-Week Range: $4.14-$10.94

Volume: 1.75 million

Three-Month Average Volume: 2.3 million

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From a technical perspective, OCZ has spiked notably intraday right near some major previous support at $6.40 with decent volume.

Traders should now look for long-biased trades if OCZ can sustain a move and close back above its 200-day moving average of $7.29 with high-volume. Look for volume on that move that's near or well above 2.3 million shares. If we get that action soon, look for OCZ to make a run at its 50-day moving average of $8.32 in the near future. The probability of that move will only increase if OCZ is trending above the 200-day with strong upside volume flows.

Sino Clean Energy

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Sino Clean Energy ( SCEI) is a holding company, which through its subsidiaries, is a third-party commercial producer and distributor of coal-water slurry fuel in the People's Republic of China. This stock is trading up 3.7% to $2.19 in recent trading.

Today's Range: $2.08-$2.42

52-Week Range: $0.65-$4.79

Volume: 771,000

Three-Month Average Volume: 782,343

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From a technical perspective, SCEI is bouncing today right around some previous support at $2.07 with decent volume.

Traders should now only consider long biased trades in SCEI if it can manage to sustain a high-volume move and close over today's high of $2.42. I would avoid any long trades in SCEI if it drops back below its 50-day moving average of $1.98 with heavy volume. Look for volume on a move over $2.42 that's near or well above 782,343 shares.

If we get that action soon, look for SCEI to make a run at $3 to $3.20 in the near future.

Cybex International

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Cybex International ( CYBI) is a manufacturer of exercise equipments. The company develops, manufactures and markets strength and cardiovascular fitness equipment products for the commercial and consumer markets. This stock is trading up 4.9% to $2.77 in recent trading.

Today's Range: $2.55-$2.84

52-Week Range: $0.36-$3.60

Volume: 151,000

Three-Month Average Volume: 128,789

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From a technical perspective, CYBI is bouncing today right off some previous support at $2.50 with above average volume. This move is quickly pushing CYBI within range of triggering a near-term breakout trade. That trade will hit once CYBI moves above some near-term overhead resistance at $2.88 with high volume.

Traders should look for long-biased trades on a move and close above $2.88 with volume that's near or well above 128,789 shares. If we get that action soon, look for CYBI to make a run at its recent high of $3.60 very quickly.

Omnova Solutions

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Omnova Solutions ( OMN) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a range of commercial, industrial and residential end uses. This stock is trading up 4% to $7.05 in recent trading.

Today's Range: $6.74-$7.20

52-Week Range: $3.07-$9.43

Volume: 219,000

Three-Month Average Volume: 186,478

From a technical perspective, OMN is spiking higher today on above average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once OMN can take out some near-term overheard resistance at $7.31 with high-volume. At last check, the stock has hit a daily high of $7.20 and the volume is strong.

Traders should consider long biased traders if ONM can sustain a move and close above $7.31. If we get that action today or soon, look for OMN to make a run at its next significant overhead resistance levels at $8 to $9.43.

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.

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