4 Stocks Under $5 Soaring 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 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.

>>5 Stocks Poised to Pop on Positive 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.

With that in mind, let's take a closer look at a several stocks under $5 that are making large moves to the upside today.

FuelCell Energy

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FuelCell Energy ( FCEL) is an integrated fuel cell company that designs, manufactures, sells, installs and services ultra-clean, stationary fuel cell power plants for distributed baseload power generation. This stock is trading up 12.6% to $1.25 in recent trading.

Today's Range: $1.11-$1.26

52-Week Range: $0.80-$1.95

Volume: 3.4 million

FuelCell Energy Three-Month Average Volume: 2.2 million

From a technical perspective, FCEL is skyrocketing here on monster volume. This move has already triggered a breakout once FCEL took out some near-term overhead resistance at $1.07 to $1.15. Now this stock is trending right near its 50-day moving average of $1.26, which also happens to be the daily high.

Traders should now look for long-biased trades as long as FCEL is trending above its 50-day and above some near-term overhead resistance levels at $1.30 to $1.36 with high volume. I would consider any upside volume day that registers near or above 2.2 million shares as bullish. If we get that action soon, look for FCEL to hit $1.60 to $1.80 or higher in the near future.

I also featured FuelCell recently in " 5 Stocks Feeling the Insider Love."

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