8 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 such as 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.

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 25% at $3.38 in recent trading.

Today's Range: $3.01-$3.62

52-Week Range: $1.09-$9.28

Volume: 557,000

Three-Month Average Volume: 330,784

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Shares of ALIM are exploding higher today after the company said the Austrian Agency for Health and Food Safety has granted marketing authorization to Iluvien for the treatment of vision impairment associated with chronic diabetic macular edema considered insufficiently responsive to available therapies.

From a technical perspective, ALIM is moving sharply to the upside here back above its 50-day moving average of $3.18 on heavy volume. This stock has also triggered a near-term breakout trade now that it's trending above some overhead resistance at $3 to $3.35.

Traders should now look for long-biased trades as long as ALIM can close above its 50-day and near its daily highs. If we get that action today, then look for ALIM make a run at its next significant near-term overhead resistance levels of $4.08 to $4.43 in the coming days or weeks.

Support.com

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Support.com ( SPRT) is an independent provider of online care for the digital home and microbusiness. This stock is trading up 6.6% at $3.39 in recent trading.

Today's Range: $3.13-$3.82

52-Week Range: $1.63-$6.08

Volume: 639,000

Three-Month Average Volume: 191,429

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From a technical perspective, SPRT is ripping higher today back above its 50-day moving average of $3.23 with monster volume. This move briefly triggered a breakout trade once SPRT took out some near-term overhead resistance at $3.35 to $3.37. At last check, the stock has moved lower off its daily high of $3.82, which also happens to be a major past overhead resistance level.

Traders should now look for long-biased trades if SPRT can manage to move or close above $3.82 with high-volume. Look for volume on that move that's near or well above 191,429 shares. If we get that action soon, look for SPRT to make a run at its next significant overhead resistance levels of $4.79 to $4.85.

I would avoid this stock form the long side if fails to continue to trend above its 50-day.

Doral Financial

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Doral Financial ( DRL) operates as a bank holding firm. Doral Financial manages its business through three segments: banking (including thrift operations), mortgage banking and insurance agency. This stock is trading up 5.8% at $1.80 in recent trading.

Today's Range: $1.69-$1.81

52-Week Range: $0.56-$2.72

Volume: 349,000

Three-Month Average Volume: 630,736

From a technical perspective, DRL is bouncing hard off some previous support today at around $1.65 with light volume. This move is quickly pushing the stock within range of triggering a major near-term breakout trade. That trade will hit once DRL takes out some near-term overhead resistance levels at $1.85 to $2 with high volume.

Traders should now look for long-biased traders if DRL can manage to move or close over those levels with volume that's near or above 630,736 shares. If we get that action soon, look for DRL to trend higher towards its next significant overhead resistance level of $2.72.

Doral Financial shows up on a list of 5 Cheap Bank Stocks With a Strong Earnings Future.

Digital Generation

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Digital Generation ( DGIT) is a provider of digital technology services that enable the electronic delivery of advertisements, syndicated programs, and video news releases to traditional broadcasters, online publishers and other media outlets. This stock is trading up 7.4% at $9.78 in recent trading.

Today's Range: $9.10-$9.88

52-Week Range: $8.82-$37.48

Volume: 273,000

Three-Month Average Volume: 441,567

Shares of DGIT are ripping higher today after the company said it has acquired privately held Israeli ad tech company Peer39 Inc., a provider of Web page level data for $15.5 million in cash and shares.

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From a technical perspective, DGIT is bouncing hard off some previous support at around $8.82 with light volume. This move is quickly pushing DGIT within range of triggering a near-term breakout trade. That trade will hit once DGIT takes out some near-term overhead resistance at $9.80 to $10.31 (its 50-day) with high volume.

Traders should now consider long-biased trades if DGIT manages to move or close over those levels with volume that's near or above 441,567 shares. If we get that action soon, this stock has a great chance to get into its previous gap-down zone from mid-February between $12 and $14.

Celestica

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Celestica ( CLS) is a provider of supply chain solutions globally to original equipment manufacturers and service providers in the communications, consumer, computing and diversified end markets. This stock is trading up 7.4% to $9.04 in recent trading.

Today's Range: $8.78-$9.28

52-Week Range: $6.79-$11.41

Volume: 784,000

Three-Month Average Volume: 728,786

Shares of CLS are soaring higher today after the company reported first-quarter adjusted EPS of 25 cents per share versus Wall Street estimates of 21 cents per share.

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From a technical perspective, CLS is gapping sharply higher today on decent volume after the stock touched its 200-day moving average of $8.39 yesterday. This move is quickly pushing CLS within range of triggering a major near-term breakout trade. That trade will hit once CLS takes out some near-term overhead resistance at $9.26 to $9.39 (its 50-day) with high-volume.

Traders should now look for long-biased trades if CLS can manage to move or close above those levels with volume that's near or well above 728,786 shares. If we get that action soon, look for CLS to make a run at $10 to $10.34 in the near future.

Vermillion

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Vermillion ( VRML) is engaged in the discovery, development and commercialization of diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. This stock is trading up 10% to $2.32 in recent trading.

Today's Range: $2.12-$2.36

52-Week Range: $0.97-$7.60

Volume: 598,000

Three-Month Average Volume: 646,722

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From a technical perspective, VRML is ripping substantially higher today as the stock moves back above its 200-day moving average of $2.08 with decent volume. This stock has also started to trigger a near-term breakout trade now that's moving above some overhead resistance at $2.16.

Traders should now look for long-biased trades if VRML can take out its next major overhead resistance level at $2.46 with high volume. Look for volume on a move or close over that level that's near or well above 646,722 shares. If we get that action today or soon, look for VRML to rip towards its next major overhead resistance levels at $3.02 to $3.50 in the near future.

China Information Technology

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China Information Technology ( CNIT) is a provider of integrated solutions for the geographic information systems, digital public security technology and digital hospital information systems markets in the People's Republic of China. This stock is trading up 21% to $1.49 in recent trading.

Today's Range: $1.20-$1.48

52-Week Range: $1.02-$6.02

Volume: 632,000

Three-Month Average Volume: 153,465

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From a technical perspective, CNIT is soaring today back above its 50-day moving average of $1.32 with monster volume. This move has also pushed CNIT into breakout territory now that's trending above some near-term overhead resistance at $1.52.

Traders should now look for long-biased trades as long as CNIT is trending above its 50-day and $1.52 with strong upside volume flows. If that action continues, then look for CNIT to make a run at its 200-day moving average of $2.06 in the near future. I would avoid this stock from the long side if it fails to hold above the 50-day and $1.52.

Regions Financial

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Regions Financial ( RF) is a financial holding company. Regions operate throughout the South, Midwest and Texas. This stock is trading up 5.9% to $6.45 in recent trading.

Today's Range: $6.12-$6.50

52-Week Range: $2.82-$7.45

Volume: 30.3 million

Three-Month Average Volume: 25.7 million

Shares of RF are ripping higher today after the company reported a net income available to common shareholders of $145 million for the first-quarter vs. $17 million for the same period a year ago. Regions said its net income from continuing operations was as $185 million, or 14 cents per share, beating analysts' estimates of 8 cents per share.

From a technical perspective, RF is bouncing strong today right off its 50-day moving average of $6.13 with monster volume. This move is quickly setting up RF for a major breakout trade. That trade will hit once RF takes out some near-term overhead resistance levels at $6.40 to $6.69 with high-volume.

Traders should now look for long-biased trades once RF manages to move or close above those levels on volume that's near or well above 25,689,200 shares. If we get that action soon, look for RF to tag $7 to $8 in the near future. I would avoid any long trades if RF fails to hold its 50-day.

Regions Financial shows up on a list of 7 Bank Stock Earnings Picks From Deutsche Bank.

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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